USDCHF Daily Analysis – July 18, 2014

USDCHF’s upward movement from 0.8855 extended to as high as 0.8989. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9000 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart