USDCHF Forecast

The USDCHF attempted to push higher on Friday, topped at 1.0794 but closed lower at 1.0728. Overall direction remains to the upside with nearest target around 1.0850 before testing 1.1000 but as you can see on daily chart below, price is moving lower after touched the upper line of the bullish channel indicating potential downside pullback testing 1.0700 support area. Break below that area should lead us into to trading zone in nearest term but I still prefer a bullish scenario as long as the bullish channel valid.