USD/CHF Approaching Support, Prepare For Bounce

The USD/CHF pair is approaching its support at 0.9918 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9953 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (55, 5, 3) is nearing its support at 4.3% where a corresponding bounce could occur.

USD/CHF is approaching its support where we expect to see a bounce.

Buy above 0.9918. Stop loss at 0.9892. Take profit at 0.9953.


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