USDCHF Analysis – Mar 14, 2009

USDCHF broke below 1.1459 support and reached 1.1430 only. The following rebound indicates that the medium uptrend from 1.0366 has resumed. Further rise towards 1.2100 is expected next week. Key support is now located at 1.1430, only fall below this level will suggest that rise from 1.0366 has completed.

For long term analysis, USDCHF has formed a cycle bottom 1.0366 level on weekly chart. Consolidation in a range between 1.0366 and 1.2296 is expected in a couple of months.

usdchf daily chart