USDCHF is facing 0.9314 resistance, as long as this level holds, we’d expect downtrend to resume, and another fall towards 0.8000 would likely be seen. Only break above 0.9314 resistance could resume the uptrend from 0.7067, then the following rise could be seen to 0.9500 zone.
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.
