USDCHF Forecast

The USDCHF continued its bullish momentum on Friday, topped at 1.0366 and closed at 1.0343. The bias is neutral in nearest term but overall I am in buy mode for this pair at this phase with nearest bullish target around 1.0450 area. CCI in overbought area and heading down on h4 chart so watch out for potential downside pullback testing 1.0230 support area. Break below that area should lead us into no trading zone and could be a potential threat to the bullish outlook testing 1.0120 – 1.0160 area.