USDCHF Forecast

The USDCHF made indecisive movement yesterday formed a Doji on daily chart. A look at daily chart below reveals that the failure to consistently move below psychological level 1.0000 and violation to the trendline resistance indicating the pair maybe has reached the bottom at this phase. This fact is not necessarily a change of trend, not yet, but at least potential upside pullback scenario towards 1.0450 area, especially if break above 1.0337. On the downside, a break below 1.0120 – 1.0090 should trigger further bearish pressure re-testing 1.0000 area.