USDCHF’s rebound from 0.9328 extended to 0.9774 only, and failed to break above 0.9783 resistance. Deeper decline to re-test 0.9300 key support could be expected next week, a breakdown below this level will indicate that the long term downtrend from 1.1730 has resumed, then next target would be at 0.9000 area. However, as long as 0.9300 key support holds, one more rise towards 1.0000 is still possible.
For long term analysis, USDCHF is in consolidation of downtrend. Bounce to 1.0000 area to reach next cycle top on weekly chart is possible in next several weeks.