USDCHF remains in downtrend from 0.9774, the rise from 0.8326 is treated as consolidation of downtrend. Further rally towards the downtrend line from 0.9774 to 0.9339 is possible next week, and downtrend could be expected to resume after touching the trend line resistance.
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.
