USDCHF Daily Analysis – October 9, 2014

USDCHF broke below 0.9516 support, indicating that consolidation of the uptrend from 0.8997 (Aug 15 low) is underway. Deeper decline is still possible, and next target would be at 0.9450 area. Resistance is at 0.9600, only break above this level could trigger another rise towards 1.0000.

usdchf chart