USDCHF Daily Analysis – June 24, 2014

USDCHF stays in a trading range between 0.8907 and 0.9036. Another rise to test 0.9036 resistance would likely be seen, a break above this level will indicate that the longer term uptrend from 0.8703 (May 8 low) has resumed, then next target would be at 0.9200 area. However, a breakdown below 0.8907 support will indicate that the uptrend from 0.8703 had completed at 0.9036 already, then deeper decline to 0.8800 area could be seen.

usdchf chart