USDCHF stays in a falling price channel on daily chart and remains in downtrend from 1.1021. As long as the channel resistance holds, downtrend is expected to continue and deeper decline towards 0.9850 is still possible next week. However, a clear break above the channel resistance will signal further rally to test 1.0337 key resistance, above this level will confirm the completion of downtrend.
For long term analysis, USDCHF is in long term bearish movement from 1.1963, further fall is still possible to 0.9800 level.
