USDCHF Daily Analysis – March 17, 2014

USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9081. Further decline could be expected after a minor consolidation, and next target would be at 0.8600 area. Key resistance is at the trend line, only a clear break above the trend line resistance could signal completion of the downtrend.

usdchf chart