USDCHF Forecast

The USDCHF failed to continue it’s bullish correction yesterday. On h1 chart below we can see that beside the bullish channel violation, price is now traded below the trendline and 1.0300 area indicating a bearish view. The bias is bearish in nearest term targeting 1.0166 but we might have a good support around 1.0235 area. Immediate resistance at 1.0300. Break above that area should lead us into no trading zone as direction would become unclear but long position is not recommended at this phase.