Whereas the EURUSD has yet to exceed its March high of 1.3742, the USDCHF has already dropped below its March low of 1.1157. In other words, minimum expectations have been met for wave Y. So, it is possible (but not probable given the patterns the other USD crosses) that a low is in place. Near term, USDHCF strength has been thwarted by a trendline drawn off of April and May highs. A drop below 1.0976 would expose Fibonacci support at 1.0925.