USDCHF Forecast

The USDCHF attempted to push lower yesterday, slipped below 1.0700, bottomed at 1.0683 but closed higher at 1.0733. This fact should keep the bullish scenario at least targeting 1.0850 intact but overall we are still in consolidation phase as there is no significant technical movement so far. Initial support at 1.0683 – 1.0650 area. Break below that area should trigger further bearish correction testing 1.0600 – 1.0507 area.