USDCHF Daily Analysis – January 14, 2015

USDCHF remains in uptrend from 1.9553, the fall from 1.0216 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.0300 area. Key support is at 1.0030, only break below this level could signal completion of the uptrend.

usdchf chart