Price action on USD/CHF (a 4-hour chart of which is shown) as of Monday (10/18/2010) has been making yet another bullish retracement beginning late last week, within the context of the strong bearish trend that has characterized this currency pair since early June. Price action hit a high around 0.9650 in early Monday trading before retreating. For more technical analysis on this currency pair, please click here for Monday’s (10/18/2010) Chart of the Day.
James Chen, CTA, CMT
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