- USDCHF went down form 0.9901 extended to as low as 0.9207 last week and initial bias stays on the downside. Further downside could be seen to 0.9181 low. - Sustained break of 0.9181 will extend a larger decline to next fibonacci projection level at 0.9081. - On the upside, above 0.9260 minor resistance will turn up intraday bias.