USDCHF Daily Analysis – December 24, 2013

USDCHF broke above the upper line of the price channel on 4-hour chart, and is now in uptrend from 0.8832, the fall from 0.9000 is likely consolidation of the uptrend. Further rise could be expected, and the target would be at 0.9050 area. Key support is at 0.8832, only break below this level could trigger another fall towards 0.8500.

usdchf chart