USDCHF Weekly Analysis – July 26, 2014

USDCHF broke above 0.9036 resistance, indicating that the downtrend from 0.9838 (May 22, 2013 high) had completed at 0.8699 already. The pair is now in uptrend, further rise could be expected, and next target would be at 0.9400 area. Key support is now at 0.8855, only break below this level could trigger another fall to 0.8300 area.

usdchf chart