USDCHF Daily Analysis – November 14, 2014

USDCHF moved sideways in a range between 0.9580 and 0.9739. As long as 0.9580 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.9370, further rise to 0.9900 area is still possible after consolidation. On the downside, a breakdown below 0.9580 support will signal completion of the uptrend, then deeper decline to 0.9450 area could be seen.

usdchf chart