USDCHF’s fall from 1.0066 extends to as low as 0.9558 level. As long as 0.9463 previous low support holds, uptrend is expected to resume and another rise towards 1.0350 area is still possible. Resistance is at 0.9800, a break above this level will signal resumption of uptrend.
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.
