USDCHF Analysis – August 18, 2013

Being contained by 0.9130 support, USDCHF rebounded from 0.9174. However, another fall to re-test 0.9130 support would likely be seen over the next several days, a breakdown below this level will signal resumption of the downtrend from 0.9838, then the following downward movement could bring price to 0.8500 area. Initial resistance is at 0.9400, only break above this level could trigger another rise to 0.9650 area.

usdchf daily chart