USDCHF Forecast

The USDCHF attempted to push lower yesterday, bottomed at 1.1248 but closed higher at 1.1309. The bias is neutral in nearest term but the bearish scenario remains intact as long as price move inside the bearish channel. Only a movement above the bearish channel and 1.1445 area could be a serious threat to the bearish scenario. On the downside, we need a consistent move below the trendline support and 1.1245 area to continue the bearish scenario testing 1.1150 and 1.1050 region.

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