USDCHF Daily Analysis – June 5, 2014

USDCHF remains in uptrend from 0.8702, the fall from 0.8995 is likely consolidation of the uptrend. Support is at 0.8932, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9050 area. On the downside, a breakdown below 0.8932 support will indicate that the uptrend had completed at 0.8995 already, then the following downward movement could bring price to 0.8500 zone.

usdchf chart