USDCHF Daily Analysis – February 13, 2014

USDCHF broke above the upper line of the price channel on 4-hour chart, suggesting that the downward movement from 0.9081 had completed at 0.8940 already. Further rise would likely be seen, and next target would be at 0.9100 area. Support is at 0.8940, only break below this level could trigger another fall to 0.8850 area.

usdchf chart