The USDCHF rallied from a weekly trend line today.

The daily candle of the USDCHF rallied from a long term trend line, but the trend line is easiest viewed on a weekly chart since it spawns back from 2011. In addition, the break below the .9700 could also be viewed as a possible false breakdown, especially by the end of the week which would validate a possible bullish turn in the pair. Below the .9650 level would be quite bearish from here on out. Thanks to Nitish from the Forex Analytix chat room for bringing to my attention.

Blake Morrow