USD/CHF approaching our major support, prepare to buy

Price continues to inch down towards our buying area. We remain bullish looking to buy on dips above 0.9679 support (Fibonacci retracement, horizontal pullback support) for a further push up to 0.9757 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).

RSI (34) has made a bullish exit of our triangle formation and remains in a bullish configuration.

Buy above 0.9679. Stop loss at 0.9629. Take profit at 0.9757.


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