As expected, CHF is turning up also now against the USD and not only against the GBP and CHF as investors look for currency safety in CHF because of Brexit. We see a move down from the area of a former wave four which we highlighted yesterday as important resistance. So far, that is a very strong sell-off with wave b overlap so it looks like weakness is going to continue as rise from 0.9612 was corrective. A break of the channel support line will be just another evidence for the continuation of a bearish trend.