USDCHF Reversed Nicely Off Resistance, Potential Drop!
USDCHF is testing its resistance at 0.9921 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop furhter to it support at 0.9856 (horizontal swing low support).
Stochastic (34, 5, 3) has reversed off its intermediate resistance at 85% where a corresponding drop could occur.
Stochastic (34, 5, 3) has reversed off its intermediate resistance at 85% where a corresponding drop could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.