USDCHF Forecast

The USDCHF continued it’s bearish momentum yesterday, bottomed at 1.0673 and closed at 1.0705. On h1 chart below wee still have a valid bearish channel indicating potential bearish continuation. The bias is bearish in nearest term testing key support area at 10580. However CCI just cross the -100 line up on h1 chart so watch out form potential upside correction testing 1.0740 area. Break above that area could trigger further upside pressure.