USD/CHF Technical Analysis for April 28, 2011

The USD/CHF pair had a bizarre day today, first shooting higher – only to fall again. While this only proves the inherent weakness in this pair, trading this pair on the short-term charts was probably a very nerve-racking experience today. The pair is now back towards its all-time lows, and this only signals more selling in the future. Sell all rallies, and look to short if we get to new lows again.

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