usdchf broke support last week (feb 24) at .9088. on the 1week/1month chart, one can perceive
a 5-wave move up from the last bottom at .7067. consolidation/retracement is therefore possibly
in place. possible target is from .8330 = .8628, fibo 50 - fibo 61.8 level.
Again looking at the weekly chart, it appears usdchf is again establishing support. Recent low at 0.8930
is at ~ 76.4 fibo level. Bullish continuation can be presumed, however immediate resistance is at
mar 21, 2012, usfchf appears to have bottomed (0.9077) bouncing off support at 0.9070. usdchd seems to be trapped
between 0.8927 and 0.9330, support and resistance levels. breaking of resistance above will then face higher
resistance at 0.9594. break on the downside will possibly target 0.8636 which is fibo61.8 in the weekly chart.