USDCHF stays below a downtrend line from 0.9774 to 0.9339, and remains in downtrend from 0.9774, the price action from 0.8326 is treated as consolidation of downtrend. Further fall to test 0.8275 previous low support could be seen next week, a breakdown below this level will signal resumption of downtrend, then next target is at 0.8000 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.
