USDCHF Daily Analysis – February 17, 2014

USDCHF continues its downward movement from 0.9081 and the fall extends to as low as 0.8900. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8850 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

usdchf chart