USDCHF Analysis – May 22, 2010

USDCHF remains in uptrend from 1.0434 and the rise extended to as high as 1.1585 level. Further rally is still possible next week and next target would be at 1.1800 area. Support is at 1.1350, as long as this level holds, uptrend could be expected to continue.

For long term analysis, USDCHF is in long term uptrend from 0.9917. Further rise would more likely be seen in a couple of weeks and next target would be at 1.2000 area.

usdchf daily chart