USDCHF Daily Analysis – March 12, 2014

USDCHF remains in downtrend from 0.9081. Another fall could be expected after a minor consolidation, and next target would be at 0.8700 area. Key resistance is located 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