USDCHF Daily Analysis – July 16, 2014

USDCHF broke above 0.8958 resistance, indicating that the uptrend from 0.8855 has resumed. Further rise could be expected, and next target would be at 0.9000 area. Support levels are at 0.8925 and 0.8897, only break below these levels could trigger another fall to 0.8800 area.

usdchf chart