USDCHF Daily Analysis – March 11, 2014

USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9081. The downward movement could be expected to continue after a minor consolidation, and next target would be at 0.8700 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

usdchf chart