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USDCHF closed below channel base.......>

DOLLAR-SWISS
DOLLAR-SWISS: USDCHF closed below channel base support drawn off the Jun 25 low
yesterday. The corrective pullback extended through the 21-dma to Chf0.9854,
before fading. Recovery efforts have so far been limited to Chf0.9870/75 to keep
the downside in check. The Chf0.9835/40 area provides next support from a series
of hourly highs/lows, ahead of Chf0.9823 which represents the 50% retracement of
the Jun-Jul rally. It's also worth noting of the recent death cross formation
(50-dma through 200-dma). Last Chf0.9868. 

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