USDCHF Daily Analysis – April 10, 2014

USDCHF’s downward movement from 0.8952 extended to as low as 0.8782. Further decline could be expected and next target would be at 0.8700 area. Resistance is at 0.8825, only break above this level will indicate that correction of the downtrend is underway, then further rise to 0.8875 area could be seen.

usdchf chart