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USDCHF Weekly Analysis - February 22, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 22 February 2014 14:55 UTC
USDCHF's fall from 0.9156 extended to as low as 0.8856. Deeper decline to test 0.8799 support would likely be seen next week, a breakdown below this level will signal resumption of the downtrend from 0.9751, then next target would be at 0.8300 area. 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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