USDCHF Weekly Analysis – August 10, 2014

USDCHF remains in uptrend from 0.8699, and the rise extended to as high as 0.9114. Further rise could be expected after a minor consolidation, and next target would be at 0.9400 area. Support is at 0.8900, only break below this level will signal completion of the uptrend, then the following downward movement could bring price back to 0.8300 zone.

usdchf chart