USDCHF remains in downtrend from 1.1021. As long as the resistance of falling trend line on 4-hour chart holds, we’d expect downtrend to continue and deeper decline is possible to 1.0200 level next week. Near term resistance is now at 1.0422 followed by the falling trend line now at 1.0610.
For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is expected to 1.0200-1.0300 area.
