USDCHF breaks below 1.0590 previous low, suggesting that the downtrend from 1.1963 has resumed. Deeper decline to test 1.0366 (Dec 2008 low) support is possible in next several days. Key resistance is now at 1.1021, only rise above this level will suggest that the fall from 1.1963 has completed.
For long term analysis, USDCHF is in long term downtrend from 1.1963, further fall is expected to 1.0200-1.0300 area in next several weeks.
