USDCHF Analysis - Daily

USDCHF's downward movement from 0.9687 extended to as low as 0.9370. Resistance is now located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.9300 area. Only a clear break above the trend line resistance will signal completion of the downtrend.