USDCHF breaks below the upward trend line from 0.9043 to 0.9367, suggesting lengthier consolidation of the uptrend from 0.9043 is underway. Range trading between 0.9500 and 0.9769 would likely be seen over the next several days. The uptrend could be expected to resume after consolidation, as long as 0.9500 support holds, one more rise towards 1.0000 is still possible. Key resistance is at 0.9769, a break above this level will signal resumption of the uptrend.
