USDCHF has formed a cycle top at 1.0785 level on daily chart. Fall to 1.0200-1.0300 to reach next cycle bottom is expected in a couple of weeks. Key resistance is now located at 1.0785, only rise above this level could trigger another rise towards 1.100 area.
For long term analysis, USDCHF has formed a cycle top at 1.0898 level on weekly chart. Another fall towards 0.9917 is expected.
