USDCHF Daily Analysis – August 12, 2014

After touching 0.9040 support, USDCHF rebounded from 0.9032, indicating that the fall 0.9114 is consolidation of the uptrend 0.8855. Another rise could be expected after consolidation, and next target would be at 0.9200 area. Support is now at 0.9032, only break below this level could signal completion of the uptrend.

usdchf chart