USDCHF stays below the falling trend line on 4-hour chart and remains in downtrend from 1.0698. As long as the trend line resistance holds, we'd expect downtrend to continue and deeper decline to 1.0100 is possible in a couple of days. However, a clear break above the trend line resistance will indicate that a short term cycle bottom is being formed at 1.0186, then consolidation between 1.0186 and 1.0422 could be seen to follow.

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