USDCHF – Daily Forex Technicals by ForexHound.com July 9th

USDCHF retested once again the top of the 130-150 pips range it has traded in for the last few days, and formed what can be reffered to as a weaknes pattern just near the trendline that marks the top; trendline that has been part of a triangle in early June. Failure to break above 1.0350 will most likely open up the 1.0230 area once again for short term traders that want to profit from the range. USDCHF retested once again the top of the 130-150 pips range it has traded in for the last few days, and formed what can be reffered to as a weaknes pattern just near the trendline that marks the top; trendline that has been part of a triangle in early June. Failure to break above 1.0350 will most likely open up the 1.0230 area once again for short term traders that want to profit from the range.

[NP][/NP]