Franc Versus Dollar and Euro March 15th

FX Strategy Video > Currency Pairs Analysis

USD/CHF rose again during the session on Wednesday as the 0.9250 level gave way. The SNB is working against the value of the Franc, and quite honestly - the Swiss are stuck with the rest of Europe. This pair should continue to rise in value over the long term.

The EUR/CHF pair rose during the session as well, and pierced the 1.21 level. However, we are at a significant resistance level. A break of the Wednesday highs has us buying, but then does a significant dip!

Published on 14th of March 2012
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