USDCHF Daily Analysis – January 15, 2014

USDCHF remains in downtrend from 0.9126, the rise from 0.8986 could be treated as consolidation of the downtrend. As long as 0.9126 key resistance holds, the downtrend could be expected to resume, and next target would be at 0.8880 area. Only a break of 0.9126 resistance could trigger another rise towards 0.9400.

usdchf chart