USDCHF is facing 0.9421 support, a breakdown below this level will indicate that the uptrend from 0.8931 has completed at 0.9971 already, then the following downward movement could bring price back to 0.9000-0.9100 area. On the upside, as long as 0.9421 support holds, one more rise towards 1.0500 is still possible.
For long term analysis, USDCHF may be forming a cycle top at 0.9971 on weekly chart, key support is at 0.9421, a breakdown below this level will confirm the cycle top.
