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USD/CHF Trendline Breakout to Resistance

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 USD/CHF forex technical analysis, please click here.

James Chen, CTA, CMT