USDCHF remains in downtrend from 1.1730 (Jun 1, 2010 high), and the fall extended to as low as 0.8780. Further fall could be expected in a couple of weeks and next target would be at 0.8500 area. Resistance levels are at 0.8920 and 0.9010.
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.
