USDCHF Daily Analysis – April 29, 2014

USDCHF’s fall from 0.8861 extended to as low as 0.8770. However, the fall is likely correction of the uptrend from 0.8743, one more rise to 0.8900 area to complete the upward movement is still possible. Key support is at 0.8743, only break below this level could trigger another fall towards 0.8300.

usdchf chart