USDCHF Analysis – August 24, 2013

USDCHF is testing 0.9130 support, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then further decline towards 0.8500 could be seen. Key resistance is at 0.9400, only break above this level could trigger another rise to 0.9650 area.

usdchf daily chart