USDCHF continues its downward movement from 0.9838, and the fall extends to as low as 0.9130. Resistance is located at the upper line of the downward price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall towards 0.9000 is still possible. On the upside, a clear break above the channel resistance will suggest that consolidation of the downtrend is underway, then further rise 0.9400 – 0.9500 area could be seen.
