USDCHF Forecast

The USDCHF continued it’s bearish momentum yesterday, bottomed at 1.0236 and closed at 1.0269. The bias remains bearish and still targeting 1.0166. However CCI just cross the -100 line up on h4 chart so watch out for potential upside correction testing 1.0305 area. Break above that area should trigger further bullish correction testing 1.0380 but long position is not recommended at this phase.