USDCHF Forecast

The USDCHF didn’t make significant movement yesterday. On h4 chart below we can see price still trapped in range area of 1.1695 – 1.1445. Price have been consolidating in range area for two weeks now so I hope a break is imminent to see clearer direction. A clear break below 1.1445 could be seen a a serious threat to the bullish scenario testing at least 1.1300 area. On the other hand, another upside attempt above 1.1695 should keep the major bullish scenario intact at least testing 1.1750 region.

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