USDCHF Analysis - March 13, 2010 Bookmark and Share
Forex Market Analysis  |  Written by ForexCycle.com |  Saturday, 13 March 2010 12:23 GMT
USDCHF broke below 1.0608 key support, suggesting that the rise from 1.0132 has completed at 1.0898 already. Deeper decline towards the rising trend line from 0.9917 to 1.0132 is now in favor. Resistance is at 1.0810, only rise above this level could trigger another rally towards 1.1000 area.

For long term analysis, USDCHF has formed a cycle bottom at 0.9917 level on weekly chart. Bounce towards 1.1000 to reach next cycle top is expected.

usdchf daily chart
 

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