USDCHF broke below 1.1008 previous low and reached as low as 1.0984, suggesting that the downtrend from 1.1730 has resumed. Deeper decline is now in favor and next target would be at 1.0900 area. Initial resistance is at the upper boundary of the falling price channel, now at 1.1065 and key resistance is at 1.1137, only rise above this level could indicate that the downtrend from 1.1730 has completed.width=400