USDCHF Weekly Analysis – November 23, 2014

USDCHF failed to break below the bottom of the price channel on daily chart, indicating that the pair remains in uptrend from 0.8703. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.0000 area. Key support is at 0.9530,only break below this level will indicate that lengthier consolidation for the uptrend is needed, then deeper decline to 0.9400 – 0.9450 area could be seen.

usdchf chart