USDCHF failed to break above 1.0464 resistance and pulled back from 1.0450. Another fall to 1.0200 would more likely be seen, however, a break below 1.0257 previous low is needed to confirm the resumption of downtrend. Key resistance remains at 1.0464, only break above this level could bring price back to 1.0550-1.0600 area.