USD/CHF bouncing nicely off support, remain bullish for a further rise

The price has dropped and reached our buying level before bouncing up perfectly. We remain bullish above the major support at 0.9593 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) for a push up to at least 0.9671 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is bouncing nicely off our 12% support and has good upside potential.

Buy above 0.9593. Set stop loss at 0.9560 and take profit at 0.9671.


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