USDCHF's bounce from 0.9244 extended to as high as 0.9469. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and further rise to test 0.9546 previous high resistance could be seen. However, a clear break below the trend line will indicate that a cycle top has been formed at 0.9469, and lengthier consolidation of the longer term uptrend from 0.8569 (Oct 27 low) is underway, then another fall to test 0.9244 support is possible.

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