USDCHF Forecast

The USDCHF made another indecisive movement yesterday formed another Doji on daily chart indicating consolidation. The bias is neutral in nearest term. On h4 chart below we have CCI divergence which suggest potential downside view testing 1.0160 – 1.0120 but the bullish scenario after break above the major trendline resistance should remains intact with technical target around 1.0450 as long as price stay above 1.0160 – 1.0120 area. Break below 1.0120 could be seen as bullish failure and trigger bearish momentum re-testing 1.0000 level.