USDCHF’s rebound from 1.0032 is limited by the upper border of the falling price channel on daily chart. The fall from 1.0337 is more likely resumption of downtrend from 1.1021. Deeper decline is now in favor and next target would be at 98.00-98.50 area. Resistance level is at 1.0337, above this level will indicate that the fall from 1.1021 has completed at 1.0032 already, then the following uptrend could take price to 1.0500 zone.
For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is still possible to 0.9800 level.
