Price action on USD/CHF (a 4-hour chart of which is shown) as of Monday (10/11/2010) has made a minor bullish retracement after hitting an all-time low of 0.9554 late last week. This occurs within the context of an exceptionally steep downtrend that has characterized this pair since the high above 1.1700 in early June. Currently, price is still under key 0.9700 resistance. For more technical analysis on this currency pair, please click here for Monday’s (10/11/2010) Chart of the Day.
James Chen, CTA, CMT
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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.