USD/CHF (daily chart) as of Tuesday (6/28/2011) has hit a new all-time low, breaking down below the previous all-time low of 0.8325 that was just hit in early June. Having dipped below the 0.8300 figure, price action has tentatively confirmed a continuation of the entrenched long-term bearish trend that has been in place for a little over a year now, since the June 2010 high. This bearish trend has displayed very technical characteristics, with regular trend moves to the downside that breakdown key support levels, interspersed with periodic bullish corrections/retracements to key resistance levels. Now that a new ... (full story)