USDCHF Daily Forecast

The USDCHF made indecisive movement yesterday. The pair attempted to push higher, topped at 1.0940 but closed lower at 1.0904. On h4 chart below we can see that the pair still trapped in triangle area. The bias is neutral in nearest term. Break from the triangle should give us clearer direction. Immediate resistance is seen at 1.0940 (yesterday’s high). Break above that area should trigger further bullish momentum. Initial support at 1.0820. CCI just cross the 100 line down on h4 chart suggesting potential downside pressure.