USDCHF broke above 0.9971 resistance, suggesting that the downtrend from 1.1730 has completed at 0.9463 already. Further rally is expected and next target would be at 1.0100-1.0200 area. Key support is at 0.9463, only break below this level could indicate that the downtrend from 1.1730 has resumed, then deeper decline could be seen to 0.9000 area.
For long term analysis, USDCHF is in downtrend, further decline towards 0.8500-0.9000 area is expected next several months.
