USDCHF Analysis – January 8, 2012

USDCHF broke above 0.9546 previous high, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days, and the target would be at 1.0000. key support remains at 0.9244, as long as this level holds, uptrend will continue.

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