USD/CHF has turned lower after a three wave bounce from 0.9784 up to 1.1012 where pair most-likely accomplished a corrective rally labeled as wave (B). It was a zigzag that can send price now back to the lows after recent sharp decline that seems to be part of a new bearish leg. We are talking about blue wave (C) that can be headed down to around 0.9700 area if we consider that big black wave IV is still unfolding.
USD/CHF, 4H