USDCHF Daily Analysis – August 18, 2014

USDCHF broke below 0.9032 support, indicating that the uptrend from 0.8897 had completed at 0.9114 already. Deeper decline is still possible over the next several days, and the target would be at 0.8900 area. Resistance is at 0.9070, only break above this level could trigger another rise towards 0.9200.

usdchf chart