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U.S. Dollar / Swiss Franc
Short

USDCHF Approaching Resistance, Potential Reversal

By ICmarkets
Broker
USDCHF is approaching its resistance at 0.9887 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal swing high resistance) where it may reverse down to its support at 0.98375 (100% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal 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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