USDCHF Analysis – December 18, 2011

USDCHF broke above 0.9329 resistance, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days. Support is at the upward trend line on daily chart, only a clear break below the trend line could trigger another fall towards 0.8569.

For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.

usdchf daily chart