USDCHF stays in a trading range between 1.0562 and 1.1021. One more rise above 1.1021 to reach the next cycle top on daily chart would more likely be seen next week. However, the price action from 1.0590 is treated as consolidation of downtrend from 1.1963, deeper decline to 1.0200-1.0300 area is still possible after consolidation.
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.
