USDCHF approaching support, potential bounce!

USDCHF is approaching its support at 0.9903 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing low support) where it could bounce off from, rising to its resistance at 0.9985 (horizontal swing high resistance).

Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Chart PatternschfForexforexsignalsHarmonic PatternsTrend AnalysisUSDUSDCHFusdchflong

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.
Also on:

Disclaimer