USDCHF breaks above 1.1746 previous high resistance, suggesting that a cycle bottom has been formed at 1.1208 on daily chart. Further rally is expected to 1.2200 zone in next several days. Initial support is at the up trend line from 1.0010 (July 15 low) to 1.0693, and followed by 1.1208 level. As long as 1.1208 level holds, up trend will continue.
For long term analysis, USDCHF remains in long term bullish movement. Further rise is still possible to 1.2500 zone in next several weeks.