USD/CHF ~ Update ~ 26 July 2011

And there we are: USD/CHF below 0.80:

After a short-lived bounce up to the resistance around 0.83 the USD/CHF declined again and hit 0.7997 a few minutes ago.

As long as we remain in the channel the medium-term trend is down. Resistances are at 0.83ish and 0.855ish.