USDCHF Daily Analysis – January 16, 2014

USDCHF is facing 0.9126 resistance, a break above this level will signal resumption of the uptrend from 0.8799, then further rise towards 0.9400 could be seen. On the downside, as long as 0.9126 resistance holds, the rise from 0.8986 would possibly be correction of the downtrend from 0.9126, one more fall to 0.8880 area is still possible.

usdchf chart