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Chart Of The Day: USD/CHF

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 29, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Price action on USD/CHF, a daily chart of which is shown, broke down substantially below a parallel uptrend channel on Wednesday (4/29/2009) that it has been entrenched in since late March. This breakdown was strong and decisive, and mirrors similar dollar-weakening moves against the other European currencies. The channel breakdown...

    complete article here...

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