USDCHF Daily Analysis – October 2, 2014

USDCHF remains in uptrend from 0.9300, the fall from 0.9596 is likely consolidation of the uptrend. Support is at 0.9485, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9700 area. On the downside, a breakdown below 0.9485 support will signal completion of the uptrend, then deeper decline to 0.9400 area could be seen.

usdchf chart