USDCHF Daily Analysis – June 17, 2014

USDCHF stays in a narrow range between 0.8959 and 0.9012. As long as 0.8959 support holds the price action in the range could be treated as consolidation of the uptrend from 0.8907, another rise to test 0.9036 resistance is still possible. However, a breakdown below 0.8959 support will indicate that the uptrend from 0.8907 had completed at 0.9012 already, then deeper decline to test 0.8907 support could be seen.

usdchf chart