USDCHF Daily Analysis – June 20, 2014

USDCHF is facing 0.8907 support, a breakdown below this level will confirm that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already, then next target would be at 0.8800 area. Resistance is at 0.8955, only break above this level will indicate that lengthier sideways movement in a range between 0.8907 and 0.9012 is underway, then further rise to test 0.9012 resistance could be seen.

usdchf chart