USDCHF Daily Analysis – April 7, 2014

USDCHF’s upward movement from 0.8699 extended to as high as 0.8952. Further rise is still possible after a minor consolidation, and next target would be at 0.9000 area. Key support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart