USDCHF Daily Analysis – June 30, 2014

USDCHF broke below 0.8907 support, indicating that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already. Further decline could be expected over the next several days, and next target would be at 0.8800 area. Resistance is at 0.8945, only break above this level could bring price back to test 0.9036 resistance.

usdchf chart