USDCHF Weekly Analysis – March 16, 2014

USDCHF continued its downward movement from 0.9156, and the fall extended to as low as 0.8699. Further decline could be expected after a minor consolidation, and next target wold be at 0.8300 area. Resistance levels are at 0.8800 and 0.8870, only break above these levels could signal completion of the downtrend.

usdchf chart