USDCHF Daily Analysis – September 1, 2014

After consolidation, USDCHF broke above 0.9184 resistance and continued its upward movement from 0.8997, and the rise extended to as high as 0.9194. Further rise could be expected over the next several days, and next target would be at 0.9400 area. Support is at 0.9125, only break below this level could signal completion of the uptrend.

usdchf chart