The pair is above the 61.8% correction

The USDCHF technical outlook remains unchanged and the corrective movement started at 1.0063 continues. The correctional move is expected to be limited by the 61.8% Fibonacci range at 0.9525 and the pair will return to the upside.

In the eyes of buyers, with the break of the slight resistance of 0.9763, the short-term trend of the US dollar against the Swiss franc will rise.

However, if the pair falls below 0.9525, we can see the beginning of a deep downtrend to 0.9193.

* Technical H4 analysis of USDCHF

* Technical daily analysis of USDCHF