USDCHF continued its downward move from 0.9774, and the fall extended to as low as 0.7850. Resistance is at the downtrend line on daily chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 0.7500 area.
For long term analysis, USDCHF is in downtrend from 1.1730, further decline to 0.7000 area to reach next cycle bottom on weekly is expected.
