USDCHF Forecast

The USDCHF had a moderate bullish momentum yesterday. The pair attempted to push higher, topped at 1.0882 but the bullish momentum was limited as the pair closed lower at 1.0848. I still prefer a bullish scenario with 1.0940 remains potential upside target, but on h4 chart below we can see that CCI in overbought area, heading down, and about to cross the 100 line down suggests potential bullish exhaustion and downside rebound testing 1.0800 and 1.0750 support area before continue it’s bullish scenario. However, a breakdown below 1.0750 should be seen as potential threat to the bullish scenario.