USDCHF Daily Analysis – April 15, 2014

USDCHF is facing 0.8805 resistance, a break above this level will signal completion of the downtrend from 0.8952, then range trading between 0.8743 and 0.8825 could be seen to follow. On the downside, as long as 0.8805 resistance holds, the downtrend could be expected to resume, and further decline to 0.8700 area is possible.

usdchf chart