USDCHF Forecast

The USDCHF made another moderate bearish momentum yesterday but slipped below 1.0750 support area earlier today in Asian session. From longer term point of view, consistent move below 1.0750 could trigger further bearish momentum targeting 1.0500 region, as you can see on my daily chart below. Immediate support (which is also the nearest bearish target) is seen at 1.0600. On the upside, another move back above 1.0750 could lead us into neutral zone in nearest term testing 1.0850 resistance area but the main scenario remains bearish at this phase.

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