USDCHF Weekly Analysis – August 17, 2014

USDCHF remains in uptrend, the fall from 0.9114 is likely consolidation of the uptrend. Deeper decline to 0.8900 area to complete the consolidation is possible. As long as 0.8900 support holds, the uptrend could be expected to resume, and another rise towards 0.9400 is still possible.

usdchf chart