USDCHF Daily Analysis – June 18, 2014

USDCHF continued its sideways movement in a range between 0.8959 and 0.9012. Support is at 0.8959, as long as this level 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. On the downside, a breakdown below 0.8959 support will signal completion of the uptrend, then deeper decline to test 0.8907 support could be seen.

usdchf chart