USDCHF Daily Analysis – March 20, 2014

USDCHF broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 0.9081 had completed at 0.8699 already. Further rally would likely be seen, and the target would be at 0.8900 area. Support levels are at 0.8765 and 0.8699, only break below these levels could trigger another fall towards 0.8500.

usdchf chart