The USDCHF faces further bearish momentum on a daily basis, pressure will be on the key support 0.9247, USDCHF will have to break and hold below 0.9247 on a daily closing basis to push the market for further downside losses, if seen this scenario could push the pair further lower towards 0.9130 levels, where a breach will turn focus to 0.9050. Alternatively a failure to hold below 0.9247 could mean a return to the 0.9337 levels, however, If 0.9337 fails to hold, expect USDCHF to strengthen further towards the 0.92370/0.9420 levels.

Best Regards

Haitham