USDCHF pulled back from 1.0623 and reached as low as 1.0214. Deeper decline to test 0.9870 level is expected in the next few days. Key resistance is now 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. The rise from 0.9634 is treated as correction to the down trend. Deeper decline towards 0.9000 area is possible after correction.
