USDCHF Daily Forecast

The USDCHF had a bearish momentum yesterday. On h4 chart below we can see that the triangle has been violated to the upside indicates potential downside scenario. However we need consistent movement outside the triangle to confirm the bearish scenario. Immediate support is seen at 1.0750. Break below that area should trigger further bearish momentum towards 1.0650 area. Initial resistance at 1.0850. Break above that area should trigger further bullish momentum back towards 1.0970.