USDCHF Daily Analysis – January 10, 2014

USDCHF remains in uptrend from 0.8799, the fall from 0.9126 could be treated as consolidation of the uptrend. Key support is at 0.9025, as long as this level holds, the uptrend could be expected to resume, and one more rise to 0.9200 area is still possible. On the downside, a breakdown below 0.9025 support will indicate that the uptrend from 0.8799 had completed at 0.9126 already, then deeper decline to 0.8880 area could be seen.

usdchf chart