USDCHF Analysis – Dec 6, 2008

USDCHF is forming a sideways consolidation in a range between 1.1828 and 1.2296 on daily chart. Further rise is still in favor, the target would be at 1.2500 zone, and a break above 1.2296 previous high resistance will confirm the resumption of long term up trend.

For long term analysis, USDCHF remains in long term bullish movement. Further rise is still possible to 1.3000 zone in next several weeks.

usdchf daily chart