By
James Chen |
Technical Analysis | Jul 27, 2010 08:32PM GMT |
USD/CHF (a 4-hour chart of which is shown) as of Tuesday (7/27/2010) has broken out above a short-term resistance level in the 1.0560 price region slightly after breaking out above a key downtrend resistance line extending from the June 6 high. Because of the fact that price violated both of these resistance factors, the breakout that occurred carries significant importance. For more USD/CHF technical analysis, please click here.
James Chen, CTA, CMT
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