USDCHF Forecast

The USDCHF continued its bearish momentum yesterday, bottomed at 1.0577 and closed at 1.0589. Like I said yesterday, a after break below 1.0750 area, potential bearish target is now seen at 1.0500 region. Break below 1.0500 could trigger further bearish momentum testing 1.0220 area in longer term view. Immediate resistance at 1.0650/70 region. Break above that area could lead us into neutral zone testing 1.0750 area but the main scenario remains bearish at this phase.

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