USDCHF Daily Analysis – February 19, 2014

USDCHF’s downward movement from 0.9081 extended to as low as 0.8867. The downtrend could be expected to continue in a couple of days, and next target would be at 0.8800 area. Resistance is at 0.8930, only break above this level could signal completion of the downtrend.

usdchf chart