USDCHF Daily Analysis – September 17, 2014

USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Support is located at the trend line, as long as the trend line support holds, the uptrend could be expected to resume, and another rise to 0.9500 area is still possible. Only a clear break below the trend line support could signal completion of the uptrend.

usdchf chart