USDCHF Forecast

The USDCHF had a volatile market but indecisive, formed a Doji on daily chart. On h4 chart below, as I had expected, the pair tested the lower line of the bullish channel, slipped below it, bottomed at 1.0279 but now back to move inside the bullish channel indicating bullish correction is still valid. However I prefer to stay away from the market now and wait for further development. Immediate support at 1.0275. Break below that area could be the end of the bullish correction and continue bearish scenario towards 1.0000. Initial resistance at 1.0450. Break above that area should trigger further bullish correction re-testing 1.0527.