31 January 2008 - 2:12Trading Advice 1/30/08

With USD/CHF hitting all time highs it is without question the superstar right now. The Euro is helping it out big time also. It looks like this pair is destined for parity pretty soon. This move can also be explained as having the carry trade unwinding and the flight to safety occurring in these uncertain times. The Swiss franc is the barometer for the dollar and right now it is showing us the dollar is in big trouble. Meanwhile USD/CAD seems destined to reach .9875 once again very soon now that it has failed the critical resistance of .9963 the 50% retracement of the move from 1.0868 to .9058