USDCHF Weekly Analysis – September 20, 2014

USDCHF’s upward movement from 0.8855 extended to as high as 0.9432. Further rise could be expected over the next several weeks, and next target would be at 0.9700 area. Support is at 0.9299, only break below this level will indicate that consolidation of the longer term uptrend from 0.8703 is underway, then deeper decline to 0.9200 area could be seen.

usdchf chart