USDCHF Daily Analysis – November 12, 2014

USDCHF is facing that bottom of the price channel on 4-hour chart, a clear break below the channel support will indicate that the uptrend from 0.9370 had completed at 0.9739 already, then deeper decline to 0.9400 area could be seen. On the upside, as long as the channel support holds, the uptrend from 0.9370 could be expected to resume, and next target would be at 0.9900 area.

usdchf chart