# Short Term Analysis – March 22, 2007

USDCHF
USDCHF topped at 1.2166 on 4 hours chart, near term support is at 1.2029, a break below this level will signal the resumption of the down trend. Near term resistance is at 1.2166, break above this level will indicate lengthier correction to the down trend is underway, and further rise towards 1.2214 can be expected.