USDCHF is moving to the next cycle bottom on daily chart, deeper decline to 1.0200 area is still possible in a couple of days and the next cycle bottom is nearing. Near term resistance is at 1.0600, a break of this level will confirm the cycle bottom and rebound to 1.1000 is expected to follow
For long term analysis, USDCHF is in long term down trend. Further fall towards 1.0000 area to reach the next cycle bottom on weekly chart is expected.
