USDCHF’s downward movement extended to as low as 0.8922. Further fall is still possible in a couple of weeks and next target would be at 0.8500 area. Resistance is at 0.9150, as long as this level holds, downtrend will continue.
For long term analysis, USDCHF is in downtrend from 1.1730, further decline to 0.8000 area to reach next cycle bottom on weekly is expected.
