USDCHF remains in downtrend from 1.1021 and the price action from 1.0032 is treated as consolidation of downtrend. Deeper decline is still possible after consolidation and a break below 1.0032 could signal resumption of downtrend. Resistance is at the upper border of the falling price channel on daily chart, and key resistance is at 1.0337, above this level will indicate that the fall from 1.1021 has completed.
For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is still possible to 0.9800 level.
