USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.9130, and the rise extends to as high as 0.9583. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is now at 0.9446, as long as this support holds, the uptrend could be expected to continue, and next target would be at 0.9650 area. On the downside, a breakdown below 0.9446 support will indicate that the uptrend from 0.9130 had completed, then the following downward movement could bring price back to 0.9000 zone.
Provided by ForexCycle.com
