USDCHF Daily Analysis – July 2, 2014

USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9012. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8800 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

usdchf chart