USDCHF continued its downward movement from 0.9774, and the fall extended to as low as 0.8330. Resistance is at the downtrend line from 0.9774 to 0.9339, as long as the trend line resistance holds, downtrend could be expected to continue and next target would be at 0.8000-0.8100 area.
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.
