USDCHF Daily Analysis – May 19, 2014

USDCHF remains in uptrend from 0.8702, the fall from 0.8959 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 0.9000 area. Support is at 0.8880, only break below this level will indicate that the uptrend had completed at 0.8959 already, then deeper decline to 0.8830 area could be seen.

usdchf chart