USD/CHF Technical Analysis July 28, 2011

The USD/CHF pair had a quiet day Wednesday, finishing basically unchanged as the market is currently sitting just above the 0.80 level. The pair is extraordinarily weak, and this chart does nothing to dispute that trend. We know that the 0.80 may be tough to break through, but the truth is that every time we think we find a bottom – this pair goes lower. We expect further weakness.

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