USDCHF  Daily Forecast

The USDCHF had a bullish momentum yesterday, topped at 1.0771 but closed below 1.0750. On daily chart below we can see that it seems like the trendline support is doing a good job preventing further bearish attack. The bias is bullish in nearest term but we need a consistent move above 1.0750 – 1.0800 area to have potential further upside momentum testing 1.0950. Failure to do so might lead us back towards 1.0620 area.