Dollar Versus Franc and Yen January 12th

FX Strategy Video > Currency Pairs Analysis

USD/CHF had another gain for the session on Wednesday as the pair continues to grind higher. While the rest of the world watches the EUR/USD, this pair could be the play after all. The Swiss National Bank is working against the Franc, and so is the European economy.

The USD/JPY pair is sitting still at these levels, which are at the bottom of a recent consolidation pattern. Because of this, many traders will be suckered into shorting here. Don't be one of them!

Published on 11th of January 2012
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