USD/CHF Technical Analysis July 22, 2011

USD/CHF fell on Thursday, as the USD was sold against most other currencies. The CHF was weak against most currencies, so this shows exactly how weak the Dollar really is. The 0.83 level has held, and it appears that we are going lower yet again. We like selling rallies under 0.83 and selling new lows under the 0.8080 level.

Leave a Reply

Your email address will not be published. Required fields are marked *