USDCHF Analysis – September 3, 2011

USDCHF has formed a cycle top at 0.8240 on daily chart. The fall from 0.8240 is treated as consolidation of uptrend from 0.7067. Range trading between 0.7400 and 0.8240 would likely be seen in a couple of weeks.

For long term analysis, USDCHF had formed a cycle bottom at 0.7067 on weekly chart, range trading between 0.7067 and 0.9300 is expected in next several months.

usdchf daily chart