USDCHF stays in a rising price channel on daily chart and remains in uptrend from 1.0434 and the fall from 1.1730 is more likely consolidation of uptrend. As long as 1.1400 support holds, uptrend is expected to continue and a break above 1.1730 could signal resumption of uptrend, then next target would be at 1.1800 area. However, below 1.1400 will indicate that lengthier consolidation of uptrend is underway , then pullback could be seen to 1.1300 area.
For long term analysis, USDCHF is in long term uptrend from 0.9917. Further rise would more likely be seen in next several weeks and target would be at 1.2000 area.
