USDCHF Daily Analysis – April 22, 2014

USDCHF’s upward movement from 0.8743 extended to as high as 0.8853. Further rise is still possible after a minor consolidation, and the target would be at 0.8900 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart