USDCHF formed a sideways consolidation in a range between 1.0214 and 1.0623. Pullback below 1.0214 level to reach the next cycle bottom on daily chart will more likely be seen. Initial resistance is at 1.0526, a break of this level will signal resumption of up trend.
For long term analysis, USDCHF formed a long term cycle bottom at 0.9634 level on weekly chart. Sideways consolidation in a range between 0.9634 and 1.0623 is expected.
