USDCHF Forecast

The USDCHF didn’t make a significant movement on Friday. On h4 chart below we can see that after triggered by a hammer, bullish correction is now making a new minor bullish channel indicating correction phase. I think we are in no trading zone. Immediate support at 1.0166. Break below that area should be seen as the end of the bullish correction and ready for bearish continuation testing 1.0000 area. Initial resistance at 1.0380. Break above that area should trigger further bullish momentum and diminish the bearish outlook.