USDCHF stays in the trading range between 1.0590 and 1.1021. One more rise above 1.1021 resistance would more likely be seen. However, below 1.0590 will indicate that the downtrend from 1.1963 has resumed, then deeper decline could be seen to 1.0200 zone.
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.
