Franc Versus Dollar and Yen January 4th

FX Strategy Video > Currency Pairs Analysis

USD/CHF fell fairly hard on light volume on Tuesday, but managed to find support at the 0.93 level again. The pair has the benefit of being Dollar based, and the Dollar is well-loved. It is hard to believe this has changed over the weekend suddenly. Also, the Franc is being worked against and Switzerland could be going into recession as the EU can't afford to buy its exports.

CHF/JPY rose a bit for the session, but is running into a bit of resistance. The pair in general has been in a nice steady downward grind. The pair should continue to be biased to the downside, but in the very short-term, it looks like a rise might be coming.

Published on 3rd of January 2012
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