USDCHF Daily Analysis – January 13, 2014

USDCHF broke below 0.9025 support, indicating that the uptrend from 0.8799 had completed at 0.9126 already. Further decline could be expected in a couple of days, and next target would be at 0.8950 area. Resistance levels are at 0.9070 and 0.9126, only break above these levels could trigger another rise towards 0.9400.

usdchf chart