USDCHF Daily Analysis – March 10, 2014

USDCHF continued its downward movement from 0.9081, and the fall extended to as low as 0.8756. Further decline could be expected, and next target would be at 0.8700 area. Key resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

usdchf chart