USDCHF Analysis – August 10, 2013

USDCHF is testing 0.9130 support, as long as this level holds, the range trading between 0.9130 and 0.9838 could be expected to continue, and another rise to 0.9650 area is still possible. However, a breakdown below 0.9130 support will indicate that the pair is in downtrend from 0.9838, then the following downward movement could bring price to 0.8500 area.

usdchf daily chart