USDCHF Daily Analysis – December 1, 2014

USDCHF moved sideways in a trading range between 0.9531 and 0.9739. As long as 0.9531 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9370, another rise to 1.0000 could be expected after consolidation. Resistance is at 0.9739, a break of this level could signal resumption of the uptrend.

usdchf chart