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USD/CHF Turns Back Up to Target New Highs

USD/CHF (daily chart) as of Tuesday (9/20/2011) has once again risen to re-test key resistance around the 0.8900 price region, a level that was just tested and essentially respected early last week. After last week’s resistance test, price pulled back slightly in its trend-breaking bullishness, to the 0.8645 price region, before turning back up. For more USD/CHF forex technical analysis, please click here.

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