USDCHF Forecast

The USDCHF attempted to push higher yesterday, topped at 1.0388 but further bullish correction was rejected as the pair closed lower at 1.0323. On a broader view on daily chart below we can clearly see that the main trend remains bearish especially after break below 1.0527 but Greenback had a good support around 1.0275 area so far. Break below that area should trigger further bearish momentum targeting 1.0135 area. Immediate resistance at 1.0420.