USDCHF Daily Analysis – June 13, 2014

Being contained by 0.9036 resistance, USDCHF pulled back from 0.9011. However, another rise to test 0.9036 resistance is still possible, a break above this level will signal resumption of the uptrend from 0.8702, then next target would be at 0.9200 area. Key support is at 0.8907, only break below this level will confirm that the uptrend had completed at 0.9036 already, then deeper decline to 0.8800 area could be seen.

usdchf chart