USDCHF Daily Analysis – January 15, 2015

USDCHF’s upward movement from 0.9553 extended to as high as 1.0239. 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 now at 1.0117, only break below this level will indicate that lengthier consolidation for the uptrend is underway, then deeper decline to 1.0050 area could be seen.

usdchf chart