USDCHF Forecast

The USDCHF was corrected higher yesterday. The double bottom formation around 1.0560 area I told you yesterday gave us a valid warning of an upside rebound. On daily chart below we can see that the pair is now back inside the rectangle area. I think we area in no trading zone now. Immediate resistance at 1.0650 followed by 1.0750. Initial support at 1.0560. CCI just cross the -100 line up on daily chart suggesting potential upside pressure.