USDCHF Daily Analysis – August 15, 2014

USDCHF continued its sideways movement in a range between 0.9032 and 0.9114. As long as 0.9032 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.8855, another rise towards 0.9200 is still possible. Only break below 0.9032 support will indicate that the uptrend had completed at 0.9114 already, then deeper decline to 0.8900 area could be seen.

usdchf chart