USDCHF Daily Analysis – February 20, 2014

USDCHF continued its downward movement from 0.9081, and the fall extended to as low as 0.8856. Further decline could be expected, and next target would be at 0.8800 area. Resistance levels are at 0.8900 and 0.8930, only break above these levels could signal completion of the downtrend.

usdchf chart