USDCHF Daily Analysis – April 16, 2014

USDCHF broke above 0.8805 resistance, indicating that the downtrend from 0.8952 had completed at 0.8743 already. Range trading between 0.8743 and 0.8850 would likely be seen over the next several days. Key support is at 0.8743, only break below this level could trigger another fall towards 0.8500.

usdchf chart