USDCHF Analysis – February 26, 2011

USDCHF broke below 0.9300 previous low support, suggesting that the long term downtrend from 1.1730 had resumed. Deeper decline could be seen in a couple of weeks and next target would be at 0.9000 area.

For long term analysis, USDCHF’s downtrend from 1.1730 had resumed, further decline to 0.8000 area to reach next cycle bottom on weekly is expected.

usdchf daily chart
usdchf weekly chart