USDCHF traded in a range between 1.0590 and 1.0986 for several weeks. Further rebound to 1.1200 would more likely be seen. However, the price action from 1.0590 is treated as consolidation of downtrend from 1.1963 and another fall below 1.0590 is expected after consolidation.
For long term analysis, USDCHF has formed a cycle bottom at 1.0366 level on weekly chart. Consolidation in a range between 1.0366 and 1.2296 is expected in a couple of months.
