USDCHF Forecast

The USDCHF had a limited bearish momentum yesterday. On daily chart below we can see that the pair still trapped in rectangle area (1.0940 – 1.0590). The bias is neutral in nearest term. My focus remains on the attempt on break the lower line of the rectangle around 1.0590 area. A breakdown to the downside should trigger further bearish momentum. However if the pair fail to break and bounce to the upside, expect upside momentum back towards 1.0750 resistance area.