USDCHF failed to break below 0.9300 support and rebounded from 0.9328, suggesting that a cycle bottom had been formed on daily chart. Further rise is still possible next week and target would be at 1.0000 zone. Support levels are at 0.9650 and 0.9550.
For long term analysis, USDCHF is in consolidation of downtrend. Bounce to 1.0000 area to reach next cycle top on weekly chart is possible in next several weeks.
