USD/CHF Technical Analysis for May 10, 2011

The USD/CHF fell today and looks to continue the trend downward it appears. The recent bullish action was simply a bounce that gave sellers better entry points as this pair is seriously flawed at this point. In fact, it’s so in favor of the Swiss franc, that the SNB gave up trying to fight it! This pair is a sell on the rallies pair, and should be so for the foreseeable future.

Written by