USDCHF is in up trend, as long as 0.9870 support holds, we’d expected up trend to continue and further rally to 1.0400 area to reach the next cycle top on daily chart is still in favor, and a break of 1.0249 will confirm such case. Key support is at 0.9634, only break of this level will signal the reversal to the up trend.
For long term analysis, USDCHF is in long term down trend. As long as 1.0750 resistance holds, deeper decline towards 0.9000 area is in favor.
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