USDCHF Analysis – February 25, 2012

USDCHF’s downward movement from 0.9594 extends to as low as 0.8931. Further decline could be seen over the next several days, and next target would be at 87.00 area. Resistance is at the downward trend line on daily chart, only break above the trend line resistance could signal completion of the downtrend.

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