USDCHF Analysis – October 27, 2013

USDCHF’s downward movement from 0.9838 extends to as low as 0.8890. Further decline would likely be seen, and next target would be at 0.8600 area. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend will continue.

usdchf daily chart