USDCHF Daily Analysis – July 14, 2014

USDCHF remains in uptrend from 0.8855, the fall from 0.8958 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 0.9000 area. Resistance is at 0.8958, a break above this level will signal resumption of the uptrend. Support is at 0.8900, only break below this level could trigger another fall towards 0.8800.

usdchf chart