USDCHF Weekly Analysis – December 7, 2014

USDCHF’s upward movement from 0.8703 extended to as high as 0.9799. Near term support is at the bottom of the price channel on daily chart, 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 could signal completion the uptrend.

usdchf chart