Following a short lived bounce that was capped by the 0.9380 area, USD/CHF resumed the downside and recently hit its lowest in 3 weeks at 0.9335. At time of writing, USD/CHF is quoting at the 0.9340 zone, 0.5% below its opening price.
"Swiss after breaking below its 0.9520-380 range looks bearish in the medium term for a further fall towards 0.9300 and 0.9250", says the Kshitij Consultancy Services Team. "Any up move from current levels is expected to face resistance at 0.9380-400 levels which should cap the pairs upside. Bias is bearish".