USDCHF remains in uptrend from 0.7067, the fall from 0.8925 is treated as consolidation of uptrend. Pullback to the uptrend line on daily chart would likely be seen next week. As long as the trend line support holds, we’d expect uptrend to resume, and another rise towards 1.0000 is still possible after consolidation.
For long term analysis, USDCHF had formed a cycle bottom at 0.7067 on weekly chart, range trading between 0.7067 and 1.0000 is expected in next several months.
