USDCHF Forecast

The USDCHF had a significant bearish momentum on Friday after worse than expected US NFP number. Technically, price now not only break below 1.0280 area (38.2% Fibo retracement), but has move below 50% Fibo retracement. So the bearish channel now is not only indicating a correction, but a potential bearish reversal testing 1.0143 area. Break below that area should trigger further bearish momentum back towards 0.9917 area.