Recent bullish price action since mid-January on USD/CHF, a daily chart of which is shown, has brought price up to hit a key long-term downtrend resistance line extending from the November 2008 high. When the pair reached up to hit that significant trendline this past Friday, price momentum failed in its bullishness and tentatively retreated. From a trend perspective, the pair may well be in a new overall uptrend after the bounce off parity (1.0000 price region) in early December. For more technical analysis on this currency pair,
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