USDCHF Daily Analysis – December 27, 2013

USDCHF remains in uptrend from 0.8832, the fall from 0.9000 is likely consolidation of the uptrend. Initial support is at 0.8890, as long as this level holds, the uptrend could be expected to resume, and one more rise to 0.9050 area is possible. Key support is at 0.8832, only break below this level could trigger another fall towards 0.8500.

usdchf chart