USDCHF Forecast

The USDCHF attempted to push lower on Friday, bottomed at 1.0671 but the bearish pressure was limited as the pair closed a little bit higher at 1.0716. On h1 chart below we have triangle formation indicating consolidation. Break from the triangle should give us a clearer direction. Immediate resistance at 1.0750 – 1.0800 area. Clear break above that area should trigger further bullish momentum testing 1.0900.