USDCHF Forecast

The USDCHF made another indecisive movement yesterday. Price attempted to push higher, topped at 1.0637 but closed lower at 1.0574. The bias remains neutral in nearest term and I think we are in no trading zone. Once again, the 1.0640 resistance area was proved to be  a strong resistance keep the bearish correction scenario intact. Unless we have a clear break above that area and violation of the bearish channel, price may go for another downside pressure testing 1.0507 even 1.0420 region as bearish correction scenario should remain intact.

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