USDCHF Daily Analysis – February 6, 2014

USDCHF moved sideways in a narrow range between 0.9003 and 0.9081. As long as 0.9003 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8903, one more rise to 0.9135 area is still possible. Only a breakdown below 0.9003 support could signal completion of the uptrend.

usdchf chart