USDCHF Daily Analysis – July 4, 2014

USDCHF broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.9012 had completed at 0.8855 already. The pair is now in uptrend, further rise could be expected, and next target would be at 0.9000 area. Support is at 0.8855, only break below this level could trigger another fall towards 0.8750.

usdchf chart