USDCHF Daily Analysis – July 10, 2014

USDCHF remains in uptrend from 0.8855, the fall from 0.8958 would possibly be correction of the uptrend. Key support is at 0.8855, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.9000 area. However, a breakdown below 0.8855 will signal resumption of the downtrend from 0.9036, then next target would be at 0.8800 area.

usdchf chart