USDCHF Forecast

Similar to EURUSD and GBPUSD, the USDCHF was indecisive yesterday. As you can see in my h4 chart below, after break below the trendline resistance and 1.0166 area price is now consolidating within new expected range at 1.0116 – 1.0033/00. We need a break on either side to see clearer direction. The bias is neutral in nearest term but I still prefer a bearish scenario at this phase.