USDCHF Weekly Analysis – June 7, 2014

USDCHF remains in downtrend from 0.9838 (May 22, 2013 high), the rise from 0.8699 could be treated as consolidation of the downtrend. Key resistance is at 0.9156, as long as this level holds, the downtrend could be expected to resume, and one more fall to 0.8300 area is still possible. Only break above 0.9156 resistance could signal completion of the downtrend.

usdchf chart