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U.S. Dollar / Swiss Franc
Short

USDCHF Reversed Off Resistance, Prepare For Further Drop

By ICmarkets
Broker
USDCHF reversed off its resistance at 0.9937 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.9903 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) reversed off its resistance at 92% where a corresponding drop may occur.
Chart PatternschfForexforexsignalforextradingHarmonic 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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