USDCHF Daily Analysis – January 20, 2014

USDCHF broke above 0.9126 resistance and reached as high as 0.9132, suggesting that the uptrend from 0.8799 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.9250 area. Support is at 0.9070, only break below this level will indicate that lengthier consolidation of the uptrend from 0.8799 is needed, then pullback to 0.9000 area could be seen to follow.

usdchf chart