USDCHF Daily Analysis – June 11, 2014

USDCHF is facing 0.9036 resistance, a break above this level will signal resumption of the uptrend from 0.8702, then next target would be at 0.9200 area. However, as long as 0.9036 resistance holds, the rise from 0.8907 would possibly be consolidation of the downtrend from 0.9036, another fall to 0.8800 area is still possible.

usdchf chart