USDCHF remains in downtrend from 1.1730 and the fall extended to as low as 1.0361 level. As long as 1.0675 key resistance holds, downtrend is expected to continue and next target would be at 1.0200 area. However, a break above 1.0675 will indicate that the fall from 1.1730 is complete, then the following upward movement could bring price to 1.1200-1.1300 area.
For long term analysis, USDCHF formed a cycle top at 1.1730 level on weekly chart. Further fall to 1.0200 to reach next cycle bottom on weekly chart is expected in a couple of weeks.
