USDCHF Weekly Analysis – December 14, 2014

USDCHF broke below the bottom of the price channel on daily chart, indicating that consolidation of the uptrend from 0.8703 is underway. Deeper decline would likely be seen, and the target would be at 0.9500 area. As long as 0.9500 support holds, the uptrend could be expected to resume, and another rise towards 1.0000 is still possible.

usdchf chart