USDCHF rebounds from 1.1828 and the rise could possibly be resumption of up trend. Further rally is expected to 1.2500 zone in next several days. However, a break above 1.2296 is needed to confirm such case. Initial support is located at 1.1828, below this level will signal deeper decline towards 1.1600 level.
For long term analysis, USDCHF remains in long term bullish movement. Further rise is still possible to 1.3000 zone in next several weeks.
