USDCHF Daily Analysis – July 30, 2014

USDCHF’s upward movement from 0.8897 extended to as high as 0.9073. Support is now at 0.9034, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9100 area. On the downside, a breakdown below 0.9034 support will signal completion of the uptrend, then pullback to 0.9000 area could be seen.

usdchf chart