USDCHF Forecast

The USDCHF made indecisive movement yesterday, formed a Doji on daily chart. On h1 chart below we can see that the pair is trapped is rectangle area between 1.0560 – 1.0640 indicating consolidation. A break from the rectangle area should give us a clearer direction. A breakout to the upside should trigger further bullish momentum towards 1.0750 area while a breakdown to the downside should continue the bearish scenario towards 1.4830 and 1.0360 area.