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USD/CHF Consolidates Within Bearish Trend

Jan. 28, 2011 11:28 AM ET
James Chen profile picture
James Chen's Blog
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USD/CHF (a 4-hour chart of which is shown) as of Friday (1/28/2011) has continued to trade above 0.9400 support as the pair consolidates in a trading range between this support level and the 0.9500 resistance level to the upside. This occurs within the context of a strong bearish trend that has been in place for the last three weeks. For more USD/CHF forex technical analysis, please click here.

James Chen, CTA, CMT

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