USDCHF Daily Analysis – October 22, 2014

USDCHF broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.9687 had completed at 0.9370 already. Further rise could be expected, and next target would be at 0.9650 area. Support is at 0.9440, only break below this level could trigger another fall to 0.9300 area.

usdchf chart