USDCHF Daily Analysis – February 7, 2014

USDCHF broke below 0.9003 support, suggesting that the uptrend from 0.8903 had completed at 0.9081 already. The pair is now in downtrend, further decline could be expected, and next target would be at 0.8900 area. Resistance levels are at 0.9040 and 0.9081, only break above these levels could trigger another rise to test 0.9156 resistance.

usdchf chart