USDCHF Daily Analysis – October 27, 2014

USDCHF remains in uptrend from 0.9370, the fall from 0.9557 is likely consolidation of the uptrend. Another rise to test 0.9687 resistance could be expected after consolidation, and a break above 0.9557 resistance will signal resumption of the uptrend. Support is at 0.9440, only break below this level could trigger another fall to 0.9300 area.

usdchf chart