USDCHF broke above 0.8958 resistance, suggesting that the uptrend from 0.8569 had resumed. Further rise is still possible in a couple of days, and target would be at 0.9150-0.9200 area. Support is now at the uptrend line on 4-hour chart, a clear break below the trend line will indicate that the uptrend from 0.8569 is complete, then the following downward movement could bring price back to 0.8000.

usdchf

Source http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-11-08.html



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