USDCHF Analysis – Sep 6, 2008

USDCHF’s up trend remains and the rise from 1.0010 extends further to as high as 1.1192 level. Further rally is expected to 1.1500 zone in a couple of week. Near term support is at 1.0842, only break down below this level will signal reversal to the up trend.

For long term analysis, USDCHF is in bullish movement. Further rise could be seen to 1.2000 zone in a couple of weeks.

usdchf daily chart