USDCHF Forecast

The USDCHF made a moderate bullish correction yesterday, topped at 1.0026 and closed at 1.0018, which is normal correction so far and I am still in short mode for this pair with 0.9913 area still a potential nearest bearish target. On h4 chart below we can see that the bearish pressure found good support around a new trendline support (blue). Break below that area should trigger further bearish momentum targeting 0.9913 area. Immediate resistance at 1.0026/50 area. Break above that area should lead us into no trading zone but long position is not recommended at this phase as overall sentiment remains negative for the Dollar.