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Klimex
Dec 19, 2018 4:28 AM

USDCHF Approaching Support, Potential Bounce Long

U.S. Dollar / Swiss FrancFOREX.com

Description

USDCHF is approaching its support at 0.9900 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9972 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance).

Stochastic (89, 5, 3) is approaching its support at 2.9% where a corresponding bounce could occur.
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