USDCHF is forming a cycle top at 0.9594 on daily chart. Deeper decline to test 0.9244 key support could be seen next week, a breakdown below this level will indicate that the uptrend from 0.8569 has completed at 0.9594 already, then the following downward movement could bring price back to 0.8850 area. However, as long as 0.9244 support holds, the price action from 0.9594 could possibly be consolidation of uptrend, another rise towards 1.0000 is still possible.
For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.
