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USDCHF Weekly Analysis - February 16, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 February 2014 07:52 UTC
USDCHF stays in a downward price channel on daily chart, and remains in downtrend from 0.9751. As long as the channel resistance holds, the downtrend could be expected to resume, and another fall to 0.8500 area is still possible. Key resistance is at 0.9156, only break above this level will indicate that lengthier consolidation of the longer term downtrend from 0.9838 (May 22, 2013 high) is underway, then further rise to 0.9250 area could be seen.

usdchf chart

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