USDCHF Daily Analysis – September 16, 2014

USDCHF moved sideways in a trading range between 0.9314 and 0.9395. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the price action in the range could be treated as consolidation of the uptrend, another rise to 0.9500 area is still possible after consolidation. Only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart