USDCHF Daily Analysis – September 24, 2014

USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8997, the fall from 0.9432 is likely consolidation of the uptrend. Near term support is located at the trend line and the key support is at 0.9300, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.9600 area. Only break below 0.9300 support could signal completion of the uptrend.

usdchf chart