USDCHF Daily Analysis – January 29, 2014

USDCHF remains in downtrend from 0.9156, the rise from 0.8903 is likely consolidation of the downtrend. Resistance is at 0.9030, as long as this level holds, the downtrend could be expected to resume, and next target would be at 0.8850 area.

usdchf chart