USDCHF Forecast

The USDCHF made another insignificant movement yesterday. The bias is neutral in nearest term. On my h4 chart below we can see price is trapped in a range area of 0.8555 – 0.8460 and need a clear break on either side to see clearer direction. I still prefer a bearish scenario at this phase and expect a clear break below 0.8460 still testing 0.8400 – 0.8350 but a clear break above 0.8555 could trigger further upside pullback testing 0.8670 – 0.8710 key resistance area.

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