USDCHF Daily Analysis – March 19, 2014

USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9081, the rise from 0.8699 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.8600 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

usdchf chart