USDCHF Forecast

Similar to other major pairs, the USDCHF was indecisive yesterday in a thin market indicating consolidation. The bias should remains neutral in nearest term. On h4 chart below we can see that price is now testing the bullish channel. Violation to the bullish channel should trigger further bearish pressure testing 1.0230 and should be seen as serious threat to the bullish outlook.  Key resistance level remains at 1.0450 area. Another break above that area should continue the bullish scenario targeting 1.0530 before aim for 1.0700.