USDCHF’s fall from 0.8958 extended to as low as 0.8897, however the fall is likely correction of the uptrend from 0.8855. As long as 0.8897 support holds, the uptrend could be expected to resume, and next target would be at 0.9000 area. On the downside, a breakdown below 0.8897 support will indicate that the downtrend from 0.9036 has resumed, then the following downward movement could bring price to 0.8800 area.
