USDCHF Daily Analysis – April 28, 2014

USDCHF broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.8743 had completed at 0.8861 already. Deeper decline is still possible, and the target would be at 0.8780 area. Resistance is at 0.8861, only break above this level could trigger another rise to 0.8900 zone.

usdchf chart