USDCHF remains in downtrend from 0.9751, the rise from 0.8890 could be treated as consolidation of the downtrend. Initial resistance is at the upper line of the price channel on daily chart, and key resistance is at 0.9249, only break above this level will indicate that lengthier consolidation of the longer term downtrend from 0.9838 (May 22 high) is underway, then the target would be at 0.9550 area.
