USDCHF’s up trend remains and the fall from 1.1746 is treated as consolidation to up trend. Trading in a range between 1.1400 and 1.1746 is expected in nest several days. However, below 1.1400 will indicate that a cycle top has been formed at 1.1746 on daily chart, and then further pullback to test the support of the up trend line from 1.0010 to 1.0693 could be seen.
For long term analysis, USDCHF is in long term bullish movement. Further rise is still possible to 1.2500 zone in next several weeks.
