The franc is basically still "pegged" to the euro (in the 1.08-1.10 band). USDCHF movement is dominated by EURUSD. So when contemplating a USDCHF trade, it is usefull to also look at the technicals of EURCHF and EURUSD. If you believe EURUSD goes below parity, you also believe USDCHF goes toward 1.20.