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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CHF on nice support, time to start buying

The price is right above major support at 0.9937 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we look to buy above this level for a push up to at least 1.0033 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (23,3,1) is seeing strong support above 1.9% where we expect a corresponding bounce from.

Buy above 0.9937. Stop loss is at 0.9872. Take profit is at 1.0033.

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