Technical Analysis: Chart of the Day - USD/CHF

[Carlos]

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USD/CHF (daily chart) as of Monday (10/17/2011) has stalled above key support in the 0.8900 price region, emphasizing this level as the current price region to watch for key events to occur. At the moment, that key event has been a slight bounce that has highlighted 0.8900 as the most important support/resistance area within the context of the current bullish trend that has been in place since the early September breakout above the previous long-term downtrend. 0.8900 has served several times http://feeds.feedburner.com/~ff/technical/analysis-reports?d=yIl2AUoC8zA (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=4GFIDro7gMQ:bs0iSeRgzuA:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/technical/analysis-reports?d=qj6IDK7rITs (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=4GFIDro7gMQ:bs0iSeRgzuA:qj6IDK7rITs) http://feeds.feedburner.com/~ff/technical/analysis-reports?i=4GFIDro7gMQ:bs0iSeRgzuA:F7zBnMyn0Lo (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=4GFIDro7gMQ:bs0iSeRgzuA:F7zBnMyn0Lo)


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