Watchlist....all about the Swissy

Price action is approaching some fairly significant levels on the majority of CHF crosses. These could provided some decent opportunities for CHF long position. Here's what I'm looking at:

USDCHF - Strong level of resistance @ the Weekly 200ema which coincides with November 2010's high.

CHFJPY - Previous level of horizontal support....looking at the moving averages, the fact it is at the bottom of the range and that seasonally a bullish period for JPY the bias is a break through that level so look for a strong reversal confirmation and weigh up the reward to risk as that is what makes a difference to being a profitable trader.

CADCHF - Strong level of resistance from 2010 highs, also at parity. It is also at the upper trend channel of the move down from 2007 highs. This level also coincides with levels on USDCAD and NYMEX Crude Oil as they have a strong inverses correlation.

AUDCHF - Strong level of resistance at 2008 and 2010 highs.

The key is reward to risk, so identify each opportunity on its own merit. If price breaks through these horizontal levels of support and resistance then we have to be adaptable and switch our positions and look for the next setup.