USDCHF Daily Analysis – November 10, 2014

USDCHF’s upward movement from 0.9370 extended to as high as 0.9739, the subsequent fall is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to resume, and another rise to 0.9900 area is still possible. Only a clear break below the channel support could signal completion of the uptrend.

usdchf chart