USDCHF Weekly Analysis – October 12, 2014

USDCHF remains in uptrend from 0.8703, the fall from 0.9687 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to resume, and another rise towards 1.0000 is still possible. Only a clear break below the channel support could signal completion of the uptrend.

usdchf chart