USDCHF rebounds from 1.0693 level. Further rise is still possible to test 1.1416 previous high resistance. As long as this level holds, we’d expect down trend to resume and one more fall below 1.0693 is in favor. However, above 1.1416 level will signal resumption of up trend, and further rally could be seen to 1.2000 zone.
For long term analysis, USDCHF is in long term bullish movement. Further rise is still possible to 1.2000 zone after consolidation.