USDCHF is in downtrend from 0.9314, and the fall extended to as low as 0.8569. Further fall could be seen next week, and next target would be at 0.8300 area. Resistance is at the downtrend line on daily chart, only a clear break above the trend line could indicate that the fall from 0.9314 is complete.
For long term analysis, USDCHF had formed a cycle top at 0.9314 on weekly chart. Pullback to 0.7800 area is expected over the next several weeks.
