USDCHF Analysis – Oct 25, 2008

USDCHF remains in up trend, and the rise from 1.0693 extends to as high as 1.1746 level. Further rally towards 1.2000 zone is still possible in a couple of weeks. Initial support is at 1.1481, as long as this level holds, we’d expect up trend to continue.

For long term analysis, USDCHF is in long term bullish movement. Further rise is still possible to 1.2500 zone in next several weeks.

usdchf daily chart