USDCHF Daily Analysis – January 24, 2014

USDCHF broke below 0.8986 support, suggesting that the uptrend from 0.8799 had completed at 0.9156 already. The pair is now in downtrend from 0.9156. Further decline could be expected, and next target would be at 0.8900 area. Resistance is at 0.9020, as long as this level holds, the downtrend will continue.

usdchf chart