USDCHF’s rise extended to as high as 0.9234 last week. Support remains at the lower line of the price channel on 4-hour chart, as long as the channel support holds, uptrend from 0.8569 could be expected to continue, and one more rise to test 0.9314 previous high resistance is still possible. On the other side, a clear break below the channel will indicate that a cycle top has been formed at 0.9234, and the rise has completed, then the following downward move could bring price back to 0.8000 zone.
