USD/CHF Approaching Support, Prepare For A Bounce!

USDCHF is approaching support at 0.9858 (100% Fibonacci extension, 76.4% & 23.6% Fibonacci retracement, horizontal swing low support) where we expect price to bounce up to its resistance at 0.9970 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is testing its support 4.37% where a corresponding bounce could occur.

USD/CHF is approaching its support where a bounce is expected.

Buy above 0.9858. Stop loss at 0.9796. Take profit at 0.9970.

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