USDCHF Weekly Analysis – October 18, 2014

USDCHF is facing the support of the rising price channel on daily chart. As long as the channel support holds, the uptrend from 0.8703 could be expected to resume, and another rise towards 1.0000 is still possible. On the downside, a clear break below the channel support will indicate that lengthier consolidation for the uptrend is needed, then deeper decline to 0.9300 area could be seen.

usdchf chart