USDCHF Forecast

The USDCHF made indecisive movement yesterday. The pair attempted to push higher, found resistance at my key resistance level around 1.0166 and closed lower at 1.0122. On h4 chart below we can see that the trendline resistance still doing a good job preventing further bullish attack. The bias is neutral in nearest term but as long as the pair stay below 1.0166 I still prefer a bearish mode. I will be watching any reactions around that area before make any decisions. Break above that area should trigger further bullish momentum towards 1.0220 area but long position is not recommended at this phase. On the downside, the 1.0000 remains a potential bearish target.