USDCHF Forecast

Overall, since violated the bearish trendline and had some bullish correction momentum, the USDCHF is consolidating now, reflected in rectangle area of 1.0280 – 1.0166, as you can see on my h4 chart below. The bias is neutral in nearest term. Break from the rectangle area should give us clearer direction. A breakout should continue bullish correction towards 1.0380 even 1.0450 area while a breakdown should lead us back to the downside re-testing 1.0040/00 psychological level.