USDCHF Daily Analysis – April 9, 2014

USDCHF broke below the upward trend line on 4-hour chart, suggesting that the uptrend from 0.8699 had completed at 0.8952 already. Further decline could be expected after a minor consolidation, and next target would b eat 0.8750 area. Key resistance is at 0.8952, only break above this level could trigger another rise towards 0.9100.

usdchf chart