USDCHF broke above 0.9314 resistance, suggesting that the uptrend from 0.7067 has resumed. Further rise is expected next week, and next target would be at 0.9500. On the other side, the price action from 0.9314 could possibly be consolidation of uptrend from 0.7067, a breakdown below 0.9080 support could trigger another fall to 0.8400 to complete the consolidation.
For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.
