USDCHF Daily Analysis – September 29, 2014

USDCHF continued its upward movement from 0.8997, and the rise extended to as high as 0.9525. Further rise could be expected after a minor consolidation, and next target would be at 0.9700 area. Near term support is at 0.9450, and the key support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart