USDCHF Classic Technical Report 08.21.2012
Prices are treading water below resistance at the top of a falling channel set from the July 24 high, now at 0.9762. Near-term support lines up at 0.9709, the May 31 closing high. A break downward initially exposes 0.9650. Alternatively, a breach above resistance targets the 0.98 figure.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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