Like the EURUSD, the USDCHF has most likely resumed its longer term trend towards USD strength. This is my working assumption as long as price is above 1.1350. A support line drawn off of March and April lows is failing today. Coming under 1.1300 opens up the door for a drop beneath the March low and a test of Fibonacci support at 1.0925. The 200 day SMA is at current price.
