USDCHF Daily Analysis – February 28, 2014

USDCHF remains in downtrend from 0.9081, the rise from 0.8852 is likely consolidation of the downtrend. Resistance is now at 0.8930, as long as this level holds, the downtrend could be expected to resume, and next target would be at 0.8800 area. Only break above 0.8930 resistance could signal completion of the downtrend.

usdchf chart