USDCHF remains in downtrend from 0.9774. The bounce from 0.9201 is treated as consolidation of downtrend. Another fall towards 0.9000 area would likely be seen next week. Resistance is at 0.9450, only break above this level could indicate that the fall from 0.9774 is complete.
For long term analysis, USDCHF’s downtrend from 1.1730 had resumed, further decline to 0.8000 area to reach next cycle bottom on weekly is expected.
