USDCHF Analysis – September 15, 2013

USDCHF remains in downtrend from 0.9751, the rise from 0.9147 is likely consolidation of the downtrend. Another fall to test 0.9130 support would likely be seen, a breakdown below this level will signal resumption of the downtrend. Resistance is at 0.9455, only break above this level will indicate that sideways movement in a range between 0.9130 and 0.9838 is underway, then further rise to 0.9650 area could be seen.

usdchf daily chart