USDCHF Daily Analysis – April 2, 2014

USDCHF is facing the support of lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend from 0.8699 could be expected to resume, and one more rise to 0.8950 area is still possible. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward movement could bring price to 0.8500 zone.

usdchf chart