USDCHF Forecast

The USDCHF attempted to push lower yesterday, bottomed at 1.1349 but closed lower at 1.1419. On h4 chart below we can see that price is now moving in a bearish channel indicating potential bearish scenario at least in nearest term. Another movement back above the trendline could lead us into no trading zone and testing the bearish channel. Violation to the bearish channel could end this bearish correction phase re-testing 1.1695 region. Immediate support at 1.1350 – 1.1300 area which is the nearest technical bearish target.

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