USDCHF Weekly Analysis – November 9, 2014

USDCHF stays in the upward price channel on daily chart, and remains in uptrend from 0.8703, and the rise extended to as high as 0.9739. Near term support is at the bottom of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.0000 area. Key support is at 0.9359, only break below this level could signal completion of the uptrend.

usdchf chart