USDCHF is in downtrend from 0.9774. Deeper decline would likely be seen in a couple of weeks and next target would be at 0.9000 area. Resistance is at 0.9450, as long as this level holds, downtrend could be expected to continue.
For long term analysis, USDCHF’s downtrend from 1.1730 had resumed, further decline to 0.8000 area to reach next cycle bottom on weekly is expected.
