USDCHF Weekly Analysis – March 30, 2014

USDCHF rebounded from the bottom of the price channel on daily chart. Further rally is still possible, and the target would be at the upper line of the channel. Support is at 0.8785, only break below this level will indicate that the upward movement from 0.8699 is complete, then the following downward movement could bring price to 0.8300 area.

usdchf chart