USDCHF Forecast

The USDCHF had a significant bearish momentum yesterday, bottomed at 1.0647 and closed at 1.0677. The triple top formation around 1.0888 area able to trigger significant bearish correction so far even possible bearish reversal scenario testing the lower line of the major bullish channel. The bias is bearish in nearest term targeting 1.0507 area but we need a consistent move below 1.0640 to continue the bearish scenario. Immediate resistance at 1.0750 – 1.0800 area.