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USD/CHF Continues Rise to Hit 0.8900 Area Resistance

USD/CHF (daily chart) as of Monday (9/12/2011) has continued its trend-breaking rise to hit key resistance around the 0.8900 price region before stalling in its dramatic bullishness of the past week. This occurs after a strong and swift bullish surge early last week broke out above an important downtrend resistance line that had been in place since the June 2010 high. For more USD/CHF forex technical analysis, please click here.

James Chen, CTA, CMT
Director of Technical Research and Education