USDCHF is facing 0.9600 resistance, as long as this level holds, the bounce from 0.9421 could be treated as consolidation of the downtrend from 0.9769, and another fall to 0.9300 is still possible after consolidation. However, a break above 0.9600 resistance will indicate that the fall from 0.9769 has completed at 0.9421 already, and the longer term uptrend from 0.8931 (Feb 24 low) has resumed, then another rise towards 1.0000 could be seen.
