USDCHF broke below 0.9917 (2009 low) and reached as low as 0.9779. Further decline towards 0.9634 (2008 low) could be seen next week. Resistance is at 1.0181, as long as this level holds, downtrend from 1.1730 could be expected to continue.
For long term analysis, USDCHF formed a cycle top at 1.1730 level on weekly chart. Further fall to test 0.9634 (2008 low) long term support could be seen.
