USDCHF Daily Analysis – January 23, 2014

USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8986. As long as the channel support holds, further rise could be expected after a minor consolidation, and next target would be at 0.9200 area. On the downside, a clear break below the channel support will indicate that lengthier consolidation of the longer term uptrend from 0.8799 is underway, then pullback to 0.9000 area could be seen.

usdchf chart