USDCHF Analysis – Apr 30, 2008

No changed in our view, USDCHF is in up trend. Further rally to 1.0600 area to reach the next cycle top on daily chart is expected in the next several days. Key support is at 0.9870, only fall below this level could 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