USDCHF broke below the uptrend line on daily chart, suggesting that the uptrend from 0.7067 had completed at 0.9314 already. Further fall could be seen in a couple of week, and next target would be at 0.8500 area. Key resistance is at 0.9314, only break above this level could signal resumption of uptrend.
For long term analysis, USDCHF has formed a cycle top at 0.9314 on weekly chart. Pullback to 0.7800 area is expected in next several weeks.
