USDCHF Daily Analysis – July 22, 2014

USDCHF stays in the upward price channel on 4-hour chart, and remains in uptrend from 0.8855, the fall from 0.9003 could be treated as consolidation of the uptrend. Key support is located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9050 area. Only a clear break below the channel support could signal completion of the uptrend.

usdchf chart