USDCHF Analysis – Mar 26, 2008

No changed in our view, USDCHF formed a cycle bottom at 0.9634 level on daily chart. Further rise to test 1.0352 resistance is still possible in the next several days. Key support is at 0.9634, only break down of this level will signal the resumption of the long term down trend.

For long term analysis, USDCHF is in long term down trend. As long as 1.0750 resistance holds, deeper decline towards 0.9000 area is in favor.

usdchf daily chart