USDCHF remains in downtrend from 0.9838, the rise from 0.8890 could be treated as consolidation of the downtrend. Resistance is located at the upper line of the price channel on daily chart, as long as the channel resistance holds, the downtrend could be expected to resume, and one more fall towards 0.8500 is still possible. On the upside, a clear break above the channel resistance will indicate that the downtrend from 0.9838 had completed at 0.8890 already, then the following upward movement could bring price back to1.0500 zone.
