USDCHF breaks below 0.9147 support, suggesting that the downtrend from 0.9751 (July 9, high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.9050 area. Resistance is now at downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend from 0.9455 will continue.
Provided by ForexCycle.com
