USDCHF Weekly Analysis – January 4, 2015

USDCHF’s upward movement from 0.8703 (May 8, 2014 low) extended to as high as 1.0016. Further rise could be expected over the next several weeks, and next target would be at 105.00 area. Key support is located at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart