USDCHF Daily Analysis – November 19, 2014

USDCHF remains in downtrend from 0.9739, as long as the trend line resistance holds, the rise from 0.9552 could be treated as consolidation of the downtrend. Further decline would likely be seen, and next target would be at 0.9500 area. On the upside, a clear break above the trend line resistance will indicate that the downtrend had completed at 0.9552 already, then further rise to 1.0000 area could be seen.

usdchf chart