USDCHF Daily Analysis – May 27, 2014

USDCHF remains in uptrend from 0.8702, the fall from 0.8971 could be treated as consolidation of the uptrend. Near term support is at 0.8920, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9000 area. Key support is at 0.8882, only break below this level could signal completion of the uptrend.

usdchf chart