Price action on USD/CHF (a 4-hour chart of which is shown) as of Wednesday (10/27/2010) has broken out above a key downtrend resistance line and established a new one-month high in the process. This trendline break significantly disrupts the steep downtrend that has been in place since the early June high. For more technical analysis on this currency pair, please click here for Wednesday’s (10/27/2010) Chart of the Day.
James Chen, CTA, CMT
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