The USDCHF has recently broken through support and moved lower. The trend on this pair is lower and looking to take short trades would be inline with this recent trend.
On the chart below we can see that there is a very clear old support level that may act as new resistance. Should price rotate higher back to this level, it could be a very solid area for price action traders to get short. A clear price action setup would be needed to confirm any trade back lower.
USDCHF DAILY CHART – 18 DEC 2012