USDCHF Daily Analysis – November 21, 2014

USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9739, the rise from 0.9531 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.9500 area. On the uppside, a clear break above the trend line resistance will indicate that the downtrend had completed at 0.9531 already, then the following upward move could bring price to 1.0000 area.

usdchf chart