USDCHF continues its downward movement from 1.1730 and the fall extends to as low as 1.0399 level. Resistance is now at 1.0675, as long as this level holds, downtrend could be expected to continue, and another fall to 1.0200-1.0300 would more likely be seen.
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.
