USDCHF Daily Analysis – January 28, 2014

USDCHF remains in downtrend from 0.9156, the rise from 0.8903 is likely consolidation of the downtrend. Resistance levels are at 0.9000 and 0.9030, as long as these levels hold, the downtrend could be expected to resume, and next target would be at 0.8850 area.

usdchf chart