USDCHF Forecast

Finally we have a break from the range area. As you can see on h1 chart below, the pair break below support 1.0527, bottomed at 1.0431 and closed at 1.0464. This breakdown should lead us to further bearish scenario at least targeting 1.0390 and 1.0325 in nearest term. However, CCI just cross the -100 line up on h1 chart so watch out for potential upside rebound testing 1.0490 – 1.0527 resistance area. Break above that area should lead us into no trading zone.