Intraday bias in USD/CHF remains neutral first. Firm break of 0.7906/23 will indicate that fall from 0.8041 has already completed as a correction. Further rally should be seen to retest 0.8041. On the downside, though, below 0.7807 will resume the fall from 0.8041 through 0.7760.
In the bigger picture, as long as 55 W EMA (now at 0.8035) holds, fall from 0.9200 is expected to continue, as part of the larger down trend. Firm break of 0.7603 will target 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382.
