USDCHF rebounds from 1.1245, suggesting that the pair is back to range trading between 1.1245 and 1.1432. The price action in the trading range is treated as consolidation of the downtrend from 1.1602, deeper decline is still possible to 1.1150-1.1200 area after consolidation. Key resistance is now at 1.1432, above this level will indicate that the fall from 1.1602 has completed, and then further rally could be seen to 1.1550 zone.