USDCHF is testing the resistance of the upper line of the price channel on daily chart. As long as the channel resistance holds, the rise from 0.8890 could be treated as consolidation of the downtrend from 0.9751, one more fall towards 0.8500 area to complete the downward movement is possible. On the upside, a clear break above the channel resistance will indicate that the downtrend from 0.9751 had completed at 0.8890 already, then the following upward movement could bring price to 0.9550 zone.
