USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 1.0646 but closed lower at 1.0579. This fact should keep the bearish correction scenario intact but note that the major trend remains bullish. A clear break above 1.0640 area should bring the direction back to its major trend, bullish, towards 1.0888 area. Immediate support at 1.0507. Break below that area should trigger further bearish momentum targeting 1.0420 region.