USDCHF breaks above the upper line of the price channel on daily chart, suggesting that the downward movement from 0.9511 had completed at 0.9083 already. Further rise is possible, and the target would be at 0.9400-0.9500 area. Support is at 0.9150, 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 months.
