USDCHF Analysis – September 21, 2013

USDCHF broke below 0.9130 support, suggesting that the downtrend from 0.9751 has resumed. Further decline is still possible after a minor consolidation, and next target would be at 0.8800 area. Resistance is now located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend will continue.

usdchf daily chart