USDCHF stays in a trading range between 0.9463 and 0.9971. Sideways move in the range is expected to continue in a couple of weeks. Key support is at 0.9463, only break below this level could indicate that the downtrend from 1.1730 has resumed, then deeper decline could be seen to 0.9000 area.
For long term analysis, USDCHF is in downtrend, further decline towards 0.8500-0.9000 area is expected next several months.
