USDCHF Daily Analysis – August 29, 2014

USDCHF is in consolidation of the uptrend from 0.8855 (Jul 1 low). Deeper decline would likely be seen and the target would be at 0.9080 area. Support levels are at 0.9125 and 0.9080, as long as these levels hold, the uptrend could be expected to resume, and another rise to 0.9400 area is still possible.

usdchf chart