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U.S. Dollar / Swiss Franc
Short

USDCHF Testing Resistance, Potential Reversal

By ICmarkets
Broker
USDCHF is testing resistance at 0.9955 (78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 0.9862 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98.6% where a corresponding reversal could occur.
audCADChart PatternschfGBPHarmonic PatternsjpyNZDTrend AnalysisUSDUSDCHF
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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