USDCHF Forecast

The USDCHF continued it’s bullish momentum yesterday, topped at 1.0276 and closed at 1.0262. On my h4 chart below we can see that the bullish momentum is now testing the 1.0280 resistance area. The bias remains bullish in nearest term but we need a clear break above 1.0280 to confirm bullish scenario targeting 1.0360 even back towards 1.0450 area. Immediate support at 1.0230 followed by 1.0166.