In the bigger picture, we're treating rebound from 0.7065 medium term bottom as part of a consolidation pattern. Current development now mildly favors the case that such correction is already finished at 0.9594, as affirmed by weekly MACD's stay below signal line. Break of 0.8567 support will confirm this bearish case and should at least push USD/CHF lower for 61.8% retracement of 0.7065 to 0.9594 at 0.8031 and below.
In the longer term picture, long term down trend from 2000 high of 1.8305 is still in progress and there is no indication of a reversal yet. Such down trend would extend to 100% projection of 1.8305 to 1.1288 from 1.3283 at 0.6266 after finishing the consolidation from 0.7065.