USDCHF Daily Analysis – April 8, 2014

USDCHF remains in uptrend from 0.8699, the fall from 0.8952 is treated as consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to resume, and next target would be at 0.9000 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart