USDCHF Daily Analysis – April 1, 2014

USDCHF remains in uptrend from 0.8699, the fall from 0.8898 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to resume, and next target would be at 0.8950 area. Only a clear break below the channel support could signal completion of the uptrend.

usdchf chart