Swiss Franc Technical Outlook

The USDCHF decline should extend a bit lower. 1.0925 is the 61.8% of the advance from 1.0367 and potential support. Like the EURUSD, there is potential for a countertrend move (a rally in this case) to short term Fibonacci zone (1.1164-1.1262). Only a push through 1.1423 would suggest that a bottom is in place.