USDCHF Daily Analysis – January 7, 2014

USDCHF remains in uptrend from 0.8799, and the rise extended to as high as 0.9070. Support is at 0.8980, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9200 area. Only a breakdown below 0.8980 could signal completion of the uptrend.

usdchf chart