No change in USD/CHF's outlook. Consolidation from 0.9566 short term top is not finished yet and another fall is in favor. Below 0.9378 will target 55 days EMA (now at 0.9338) and below. Nonetheless, rise from 0.9021 is viewed as the second leg of the sideway pattern from 0.9971. Another rally is expected after the pull back from 0.9566 has completed, to 61.8% retracement of 0.9971 to 0.9021 at 0.9608 and above.
In the bigger picture, medium term rebound from 0.7065 is viewed as a corrective move and should have completed after hitting 0.9916 resistance (61.8% retracement of 1.1730 to 0.7065 at 0.9948). Current development suggests that price action from there are developing into a sideway pattern. Retest of 0.9971 could be seen but we won't turn bullish until sustained break there. Otherwise, we're prefer at least one more fall before pattern from 0.9971 completes.
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