USDCHF Daily Analysis – December 19, 2013

USDCHF broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 0.9249 (Nov 7 high) had completed at 0.8832 already. Further rally is possible over the next several days, and the target would be at 0.9050 area. Support levels are at 0.8890 and 0.8832, only break below these levels could trigger another fall towards 0.8500.

usdchf daily chart