USDCHF remains in downtrend from 0.9553, and the fall extends to as low as 0.9264. Resistance is 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 0.9200 area. On the upside, a clear break above the trend line resistance will suggest that consolidation of the downtrend is underway, then further rally to 0.9400 area could be seen.