USDCHF Analysis – June 9, 2013

USDCHF is facing 0.9206 support, a breakdown below this level will confirm that the uptrend from 0.9021 had completed at 0.9838 already, then next target would be at 0.9000 area. Resistance is at 0.9450, only break above this level could signal completion of the downtrend from 0.9838.

For long term analysis, USDCHF is in downtrend from 0.9971 (Jul 24, 2012 high). Further decline to 0.8500 area could be expected over the next several weeks.

usdchf daily chart