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U.S. Dollar / Swiss Franc
Short

USDCHF approaching resistance, potential drop!

By ICmarkets
Broker
USDCHF is approaching our first resistance at 0.9955 (horizontal pullback resistance, 23.6% Fibonacci retracement) where price might potentially fall to our support at 0.9856 (horizontal pullback support, 23.6% Fibonacci retracement) which coincides with the short term ascending support line. RSI is also facing bearish pressure as it is approaching its resistance.
Chart PatternschfForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSDUSDCHFusdchflongusdchfshort
ICmarkets
Broker
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.
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