Monday, March 30, 2009

USD/CHF Analysis - March 30th


Daily Chart

Technical – Support seen at 1.1179 (50% Fibonacci, Trend and Horizontal lines)

Fundamental – No major economic announcement concerning CHF today but slew of economic announcements for the USD and CHF forthcoming.

Potential Strategy: BUY USD/CHF if pair breaks through 1.1637 (21.4% Fobonacci).


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