USDCHF remains in up trend and the rise from 1.0010 (July 15 low) extends to as high as 1.2000 level. Further rise is expected to 1.2400 zone. Initial support is at 1.1650 and followed by the up trend line from 1.0693 to 1.1208, as long as the trend line support holds, up trend will continue.
For long term analysis, USDCHF remains in long term bullish movement. Further rise is still possible to 1.2500 zone in next several weeks.
