USDCHF is forming a cycle top at 1.0249 on daily chart. As long as the key support at 0.9634 holds, sideways consolidation in a range between 0.9634 and 1.0249 is expected in a couple of weeks. A break of 0.9634 key support will signal the resumption of the down trend, and then deeper decline to 0.9000 area could be seen.
For long term analysis, USDCHF is in long term down trend. As long as 1.0750 resistance holds, deeper decline towards 0.9000 area is in favor.
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