USDCHF Analysis – September 8, 2013

USDCHF broke above 0.9400 resistance and reached as high as 0.9455. However, the rise is likely correction of the downtrend from 0.9751, one more fall towards 0.8500 is still possible after correction. Support is at 0.9280, a breakdown below this level could signal resumption of the downtrend.

usdchf daily chart