USDCHF Daily Analysis – February 18, 2014

USDCHF remains in downtrend from 0.9081, and the fall extended to as low as 0.8900. Resistance is now at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 0.8850 area. Only a clear break above the channel resistance could signal completion of the downtrend.

usdchf chart