USDCHF Forecast

The USDCHF made indecisive movement yesterday. Although the pressure should remains to the upside, as you can see on my daily chart below, we seem to have a good resistance (top) 1.0507 area as price show rejection to move above that area, moving lower and potentially testing 1.0430 – 1.0350 support area. Break below that area should be seen as potential threat to the bullish outlook, lead us into no trading zone in nearest term. On the other hand, break above 1.0507 area should trigger further bullish momentum at least towards 1.0600.