USDCHF broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 0.9249 (Nov 7 high) had completed at 0.8799 already. Further rally could be expected, and the target would be at 0.9400 area. Support levels are at 0.8890 and 0.8799, only break below these levels could trigger another fall towards 0.8500.
