USDCHF Forecast

The USDCHF didn’t make significant movement yesterday, still trapped in range area of 0.8000 – 0.7770 as you can see on my h4 chart below. There are no changes in my technical outlook. The bias remains neutral in nearest term as price is consolidating in a sideways mode. Overall price is still in bullish correction phase since the appearance of the hammer formation but need a clear break and daily close above 0.8000 to continue the bullish scenario testing 0.8275 region. On the downside, a clear break back below 0.7770 could trigger further bearish pressure testing 0.7650 region.

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