USDCHF Daily Analysis – October 15, 2014

USDCHF failed to break below 0.9468 support, and stayed in the trading range between 0.9468 and 0.9687. However the rise from 0.9468 is likely consolidation of the downtrend from 0.9687, one more fall to 0.9400 area is still possible after consolidation. Key resistance is at 0.9687, only break above this level could trigger another rise towards 1.0000.

usdchf chart