USDCHF’s bounce from 0.9463 extended to as high as 1.0053 level. Further rally is still possible next week and next target would be at 1.0200-1.0300 area. Support is at 0.9850, only break below this level could bring price back to 0.9700 area.
For long term analysis, USDCHF has formed a cycle bottom at 0.9463 level on weekly chart. Bounce to 1.1000 is expected in next several weeks.
