USDCHF has formed a cycle bottom at 0.9021 on daily chart. Further rally would likely be seen next week, and the target would be at the downward trend line. As long as the trend line resistance holds, the rise from 0.9021 could be treated as consolidation of the downtrend from 0.9971, and another fall towards 0.8800 is still possible, only a clear break above the trend line resistance could signal completion of the downtrend.
For long term analysis, USDCHF had formed a cycle top at 0.9971 on weekly chart. Further decline to 0.8500 area would likely be seen over the next several months.