DailyFX.com reported that the USD/CHF currency pair is facing resistance at the 200-day average and trendline. The recent break through former wedge resistance signals a failed bullish pattern, which is viewed in a bearish context. Traders are advised to be cautious as USD/CHF could face trouble if it breaks below .9440. In the near term, resistance can be expected near the 200-day average and the line off of the January and May highs. For more analysis and trade setups, traders can visit SB Trade Desk. DailyFX provides forex news and technical analysis on trends in the global currency markets, offering a free practice account and trading charts from FXCM for those interested in learning forex trading.