USDCHF Daily Analysis – June 6, 2014

USDCHF broke below 0.8932 support, indicating that the uptrend from 0.8702 had completed at 0.9036 already. The pair is now in downtrend, further decline could be expected, and next target would be at 0.8800 area. Resistance levels are at 0.8970 and 0.9036, only break above these levels could trigger another rise towards 0.9200.

usdchf chart