USDCHF Analysis – July 6, 2013

USDCHF’s rise from 0.9130 extends to as high as 0.9660. Further rise to test 0.9838 resistance could be expected next week, a break above this level will indicate that the uptrend from 0.9021 has resumed, then the following upward movement could bring price to 1.0500 zone. Support is now at 0.9440, as long as this level holds, the uptrend from 0.9130 will continue.

usdchf daily chart