USDCHF continued its upward movement from 0.7067, and the rise extended to as high as 0.9314. Further rise is still possible next week, and next target would be at 0.9500 area. Support remains at the uptrend line on daily chart, only a clear break below the trend line could indicate that the rise from 0.7067 is complete.
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.
