USDCHF remains in downward trend from 1.1021. Move sideways in a range between 1.0186 and 1.0452 is possible next week. However, the price action from 1.0186 is more likely consolidation of downtrend, as long as 1.0452 resistance holds, we’d expect downtrend to resume and another fall towards 1.0000 is possible after consolidation.
For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is expected to 1.0000-1.0100 area.
