USDCHF stays above a upward trend line

USDCHF stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9244, the fall from 0.9469 would possibly be consolidation of uptrend. Another rise to test 0.9546 is expected, a break above this level could signal resumption of the longer term uptrend from 0.8569 (Oct 27 low). Support remains at the uptrend line, only a clear break below the trend line could indicate that lengthier consolidation of uptrend is underway, then the pair will find support around 0.8850.

usdchf

Daily Forex Analysis