USDCHF’s downward movement from 0.9751 extends to as low as 0.8967. Key resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8700 area. On the upside, a clear break above the trend line resistance will signal completion of the downtrend, then the following upward move could bring price back to 0.9500 zone.
