USDCHF continues its sharply drop and the fall from 1.1730 extends to as low as 1.0585. Resistance levels are at 1.0695 and 1.0820, as long as these levels hold, downtrend is expected to continue and next target would be at 1.0500 area.
For long term analysis, USDCHF formed a cycle top at 1.1730 level on weekly chart. Further fall to 1.0200 is expected in next several weeks.
