USDCHF Daily Analysis – September 15, 2014

USDCHF is in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Near term support is at 0.9314, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.9500 area. Key support is at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart