USDCHF remains in uptrend from 0.8569, the price action from 0.9546 is treated as consolidation of uptrend. Another rise towards 1.0000 could be expected after consolidation, and a break above 0.9546 could signal resumption of uptrend. Key support is now at 0.9244, only break below this level could indicate that the rise from 0.8569 has completed at 0.9546 already, then the following downward movement could bring price back towards 0.8569.
For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.
