USDCHF is in uptrend from 1.0132

Franco Shao from ForexCycle.com at 02/03/10

 

USDCHF is in uptrend from 1.0132 and the fall from 1.0640 is treated as consolidation of uptrend. Support is now located at the lower border of the rising price channel on 4-hour chart. As long as the channel support holds, we’d expect uptrend to resume and one more rise towards 1.0800 is still possible after consolidation.