USDCHF Daily Analysis – September 12, 2014

USDCHF remains in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Near term support is at 0.9314, as long as this level holds, the uptrend could be expected to resume, and another rise towards 0.9500 is still possible after consolidation. Key support is located at he upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart