USDCHF’s downward movement extended to as low as 0.9088. Further decline is still possible next week, and the target would be at the lower line of the price channel on 4-hour chart. Resistance is at 0.9265, only break above this level could indicate that a cycle bottom is being formed on daily chart, then another rise towards 1.0000 could be expected.
For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.
