USDCHF Daily Analysis – February 4, 2014

USDCHF remains in uptrend from 0.8903, the fall from 0.9081 is likely consolidation of the uptrend. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9135 area. Only a clear break below the channel support could trigger another fall to 0.8850 zone.

usdchf chart