USDCHF Daily Analysis – October 13, 2014

USDCHF’s downward movement from 0.9687 extended to as low as 0.9468. Further decline would likely be seen, and next target would be at 0.9400 area. Key resistance is at 0.9687, only break above this level will indicate that the uptrend from 0.8997 (Aug 15 low) has resumed, then next target would be at 0.9900 area.

usdchf chart