USDCHF Forecast

The USDCHF attempted to push lower yesterday, but 1.0507 area was proved to be a good support as price whipsawed significantly to the upside, topped at 1.0599 and closed at 1.0591 after failed to move consistently below that area. The bias is bullish in nearest term but we need a consistent move above 1.0600 to continue the bullish scenario targeting 1.0700. Immediate support at 1.0570 followed by 1.0507 area.