USDCHF Daily Analysis – April 11, 2014

USDCHF remains in downtrend from 0.8952, and the fall extended to as low as 0.8751. Further decline could be expected after a minor consolidation, and next target would be at 0.8700 area. Resistance is now at 0.8805, only break above this level could signal completion of the downtrend.

usdchf chart