USDCHF Daily Analysis – March 6, 2014

USDCHF broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.9081 had completed at 0.8777 already. Further rise could be expected in a couple of days, and next target would be at 0.8950 area. Support levels are at 0.8845, only break below this level could trigger another fall towards 0.8500.

usdchf chart