USDCHF Daily Analysis – May 1, 2014

USDCHF failed to break above 0.8861 resistance and pulled back to 0.8791. Deeper decline to test 0.8743 key support is possible, a breakdown below this level will trigger another fall towards 0.8300. On the upside, a break above 0.8861 resistance will signal resumption of the uptrend from 0.8743, then the target would be at 0.8900 area.

usdchf chart