USDCHF is topping at 1.0623, key support is now at 1.0298, a break of this level will confirm the cycle top and deeper decline to 1.0100 area is expected to follow. Initial resistance is at 1.0623, only rise above this level will signal resumption of the up trend.
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.
