USDCHF Weekly Analysis – March 2, 2014

USDCHF broke below 0.8799 previous low, suggesting that the downtrend from 0.9838 (May 22, 2013 high) has resumed. Further decline could be expected, and next target would be at 0.8300 area. Resistance is at 0.8930, only break above this level could trigger another rise towards 0.9300.

usdchf chart