USDCHF Daily Analysis – September 4, 2014

USDCHF remains in uptrend from 0.8997, the fall from 0.9212 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.9400 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart