USDCHF’s bounce from 0.8699 extended to as high as 0.8952. Further rise could be expected, and the target would be at the upper line of the price channel on daily chart. However, as long as the channel resistance holds, the rise from 0.8699 could be treated as consolidation of the downtrend from 0.9751 (Jul 9, 2013 high), one more fall to 0.8300 area is still possible after consolidation.
