USDCHF Daily Analysis – August 8, 2014

USDCHF moved sideways in a trading range between 0.9040 and 0.9114. As long as 0.9040 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8855. Further rise could be expected after consolidation, and next target would be at 0.9200 area. Only break below 0.9040 support could signal completion of the uptrend.

usdchf chart