USDCHF Forecast

As I had expected, after corrected higher and found resistance at the trendline on Wednesday, the USDCHF continued it’s bearish scenario yesterday, bottomed at 1.0228 and closed at 1.0261. The bias is bearish in nearest term re-testing 1.0166. I think I will have a good short trade set up if price move higher around the trendline resistance area and start to show rejection to move higher. Immediate resistance at 1.0305/25 area.