USDCHF Forecast

The USDCHF made another indecisive movement yesterday, but the pair has been making lower highs and lower lows in the last three days indicating consolidation with downside bias. I think we are still in no trading zone. Do not rush jump into the market. Immediate resistance at 1.0350. Break below that area should trigger further bearish momentum targeting 1.0220. On the upside, only a clear break above 1.0507 could be seen as bullish confirmation targeting 1.0600 – 1.0700 area.