USDCHF Daily Analysis – March 26, 2014

USDCHF’s upward movement from 0.8699 extended to as high as 0.8878. Key support is now at 0.8787, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.8950 area. On the downside, a breakdown below 0.8787 support will signal completion of the uptrend, then the following downward movement could bring price to 0.8500 area.

usdchf chart