USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. On h1 chart below we can see that price already violated the minor bullish channel but hasn’t get significant bearish momentum so far, moving in a triangle formation indicating consolidation. The major bullish scenario remains intact but we are now entering bearish correction phase especially if price able to break below 1.0750 area testing 1.0700 in nearest term. Immediate resistance at 1.0800 – 1.0850 area.