USDCHF Daily Forecast

The USDCHF had a significant bearish momentum yesterday. On h4 chart below we can see that after violated the triangle to the downside, the pair had bearish momentum, bottomed at 1.0642 and closed at 1.0665. The bias is bearish in nearest term targeting 1.0540. We seem to have good support around 1.0642 area (yesterday’s low). Break below that area should trigger further bearish momentum. CCI just cross the -100 line down on daily chart suggesting potential bearish pressure.