USDCHF remains in downtrend from 1.1730 and the bounce from 1.0064 is treated as consolidation of downtrend. Resistance is at 1.0300, as long as this level holds, downtrend is expected to continue and next target would be at 1.0000 area. Support is at 1.0064, a breakdown below this level could signal resumption of downtrend.
For long term analysis, USDCHF formed a cycle top at 1.1730 level on weekly chart. Further fall to 1.0000 to reach next cycle bottom on weekly chart is expected in a couple of weeks.
