USDCHF remains in downtrend from 0.9594, the rise from 0.9088 is likely consolidation of the downtrend. One more fall towards the lower line of the price channel on daily chart would likely be seen after consolidation. Resistance is at 0.9300, only break above this level could indicate that a cycle bottom is being formed, then further 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.
