USD/CHF Technical Analysis July 26, 2011

The USD/CHF pair fell down through the 0.81 mark on Monday, as the Franc strengthened against all currencies. The pair has been in a downtrend for a very, very long time, and there is no reason to think it is going to change anytime soon. We like the idea of shorting rallies, and new lows. The pair looks like it will try to bounce back and retest the 0.81 level on the shorter time frames.

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