USDCHF Daily Analysis – February 27, 2014

USDCHF broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.9081 had completed at 0.8852 already. Further rally would likely be seen over the next several days, and next target would be at 0.8970 area. Support is at 0.8852, only break below this level could trigger another fall towards 0.8500.

usdchf chart