USDCHF remains in downtrend from 1.1730 and the fall extends further to as low as 1.0480 level. Key resistance is at 1.0695, as long as this level holds, downtrend will continue, however, a break above this level will indicate that the fall from 1.1730 is complete.
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.
