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USD/CHF Classical 03.15

USD/CHF Classical 03.15

2011-03-15 06:21:00
Joel Kruger, Technical Strategist
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USDCHF_Classcial_body_swiss1.png, USD/CHF Classical 03.15

USD/CHF: The latest break to fresh record lows by 0.9200 is certainly concerning and threatens our longer-term recovery outlook. Still, we do not see setbacks extending much further and continue to favor the formation of some form of a material base over the coming weeks for an eventual break back above parity. Look for a break and close back above 0.9370 to confirm outlook and accelerate gains. A break and close back below 0.9200 delays.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

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