USDCHF Forecast

The USDCHF didn’t make significant movement on Friday but looks like the pair is in consolidation phase as the bullish momentum seems to lose some momentum. The bias is neutral in nearest term. Immediate support at 1.0350. Break below that area should be seen as a serious threat to the bullish outlook and lead us into no trading zone. On the upside, only a clear break above 1.0507 could be seen as bullish confirmation targeting 1.0600 – 1.0700 area.