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USD/CHF Anchored in Declining Channel in Test of Rising Trendline
Stocks, Unit trusts, Wealth Management and Forex markets
02-05-2012, 12:40 AM
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The one
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Join Date: May 2000
Location: UK
Posts: 98,174
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USD/CHF Anchored in Declining Channel in Test of Rising Trendline
Looking at the daily USD/CHF chart, we see a market trading sideways after topping near 0.9570. The RSI being stuck between 40 and 60 reflects a consolidation mode. The range of this consolidation is between 0.9330 and 0.8930. Note also that the latest daily candle is starting to break below 
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