USDCHF Daily Analysis – August 20, 2014

USDCHF broke above the upper line of the price channel on 4-hour chart, indicating that the fall from 0.9114 had completed at 0.8997 already. Further rise could be expected, and next target would be at 0.9200 area. Support is at 0.9040, only break below this level could trigger another fall towards 0.8900.

usdchf chart