USDCHF Daily Analysis – March 3, 2014

USDCHF’s downward movement from 0.9081 extended to as low as 0.8777. Further decline could be expected after a minor consolidation, and next target would be at 0.8700 area. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend will continue.

usdchf chart