TradingView
ICmarkets
Jun 25, 2018 3:13 AM

USDCHF Testing Support, Potential Bounce! Long

U.S. Dollar / Swiss FrancFOREX.com

Description

USDCHF is testing its support at 0.9872 (61.8% & 76.4% Fibonacci retracement, horizontal overlap support) where a bounce could potentially occur, causing price to rise to its resistance at 0.9939 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is testing its support at 4.3% where a corresponding bounce could occur.
More