USDCHF is facing 0.9437 resistance, a break above this level will indicate that lengthier consolidation of the downtrend from 0.9971 is underway, then further rally to 0.9500-0.9600 area could be seen. Support is at 0.9300, only break below this level could trigger another fall towards 0.8500.
For long term analysis, USDCHF had formed a cycle top at 0.9971 on weekly chart. Further decline to 0.8500 area would likely be seen over the next several weeks.
