USDCHF Forecast

The USDCHF failed to continue its bullish momentum on Friday. Earlier today in Asian session, price slipped below 1.0640 support area but retreat to the upside and traded around 1.0680 at the time I wrote this comment. I think we are in no trading zone. The major bullish scenario remains intact as long as price still move inside the bullish channel. Consistent move below 1.0640 should trigger further bearish momentum re-testing 1.0507. Immediate resistance at 1.0750. Break above that area should keep the bullish scenario intact testing 1.0888 region.

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