USDCHF Daily Analysis – June 2, 2014

After touching 0.8937 support, USDCHF rebounded from 0.8932, indicating that the pair remains in uptrend from 0.8702, and the fall from 0.8989 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 0.9000 area. Support is now at 0.8915, only break below this level could signal completion of the uptrend.

usdchf chart