USDCHF Daily Analysis – January 31, 2014

USDCHF broke above 0.9030 resistance, suggesting that the downtrend from 0.9156 had completed at 0.8903 already. Further rise could be expected, and next target would be at 0.9100 area. Support is at 0.8970, only break below this level could trigger another fall to 0.8850 zone.

usdchf chart