USDCHF Daily Analysis – June 12, 2014

USDCHF stays in a trading range between 0.8907 and 0.9036. Resistance is at 0.9036, a break above this level could signal resumption of the uptrend from 0.8702, then the following upward movement could bring price to 0.9200 area. On the downside, a breakdown below 0.8907 support will confirm that the uptrend had completed at 0.9036 already, then next target would be at 0.8800 area.

usdchf chart