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Swiss Franc May Fall Further

Swiss Franc May Fall Further

2012-03-15 16:25:00
David Rodriguez, Head of Product
Share:
ssi_usd-chf_body_Picture_15.png, Swiss Franc May Fall Further

USDCHF – Forex trading crowd sentiment remains near-neutral on the US Dollar/Swiss Franc currency pair, giving us a similarly directionless trading bias. Our “Tidal Shift” strategy took a long position from SFr 0.9287 as of this morning. And though we believe it has a reasonable chance of success, we would ideally see a strong shift in price action before taking firm conviction in the forecast.

Our technical outlook for the USDCHF favors further strength as long as price remains above SFr 0.9135, and intermediate targets are 0.9400 and the January high of 0.9595.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com

Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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