USDCHF Weekly Analysis – December 21, 2014

USDCHF broke above 0.9817 previous high, indicating that the uptrend from 0.8703 has resumed. Near term support is at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.0500 area. Key support is at 0.9530, only break below this level could signal completion of the uptrend.

usdchf chart