USDCHF Daily Analysis – December 20, 2013

USDCHF is in downtrend from 0.9751 (Jul 9 high), the rise from 0.8832 could be treated as consolidation of the downtrend. Further rally could be expected 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