Swiss Franc benefits from Both Risk aversion activities and safe heaven status . Near term Swiss franc and Yen may be the star of FX during this Middle East Crisis( Libya And Saudi).
Fundamentally, Swiss Franc is well supported by her positive data and growth numbers.
From the chart above, next trend line support is near 0.9200, follows by 0.9120(R 3, with Pivot 0.9261) which if broken decisively, the PA may send this pair to 0.9000 being its psychological level.
we'd expect next long term target to be 61.8% projection of 1.8305(2000 high) to 1.1288 from 1.3283 at 0.8946(near 0.9000 too)
Fundamentally, Swiss Franc is well supported by her positive data and growth numbers.
Daily Chart USD/CHF
From the chart above, next trend line support is near 0.9200, follows by 0.9120(R 3, with Pivot 0.9261) which if broken decisively, the PA may send this pair to 0.9000 being its psychological level.
we'd expect next long term target to be 61.8% projection of 1.8305(2000 high) to 1.1288 from 1.3283 at 0.8946(near 0.9000 too)
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