USDCHF Daily Forecast

The USDCHF didn’t make significant movement yesterday. On daily chart below we can see that the trendline support still hold preventing further bearish attack since June 02. Break below the trendline support should trigger further bearish momentum and set up a bearish scenario. Immediate support is seen at 1.0700. Break below that area should trigger further bearish momentum. Initial resistance at 1.0800. Break above that area should trigger further bullish momentum. CCI just cross the -100 line up on h4 chart suggesting potential upside pressure.