USD/CHF approaching resistance, potential drop!

USDCHF is approaching our first resistance at 0.9983 (horizontal pullback resistance, ascending channel's resistance, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where we might see a drop to our major support at 0.9944 (horizontal swing low support, 50% Fibonacci retracement ). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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