USDCHF Daily Analysis – December 18, 2014

USDCHF broke above 0.9680 resistance, indicating that the downward movement from 0.9817 had completed at 0.9553 already. Further rise to test 0.9817 resistance would likely be seen, a break of this level will signal resumption of the uptrend from 0.8703 (May 8 low), then next target would be at 1.0000 area.

usdchf chart