Tuesday 4 November 2014

USDCHF Daily Analysis - November 5, 2014 Forex Analysis

USDCHF remains in uptrend from 0.9370, the fall from 0.9689 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9900 area. Only a clear break below the channel support could indicate that the uptrend had completed at 0.9689 already, then deeper decline to 0.9400 area could be seen.



usdchf chart






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