USDCHF Analysis – Sep 10, 2008

USDCHF remains in up trend. Further rise is expected to test 1.1595 (Dec 20, 2007 high) in a couple of weeks. Initial support is now located at 1.1040, and key support is at 1.0842, only break of 1.0842 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