easyMarkets
Long

USDCHF approaching support, potential bounce!

FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is approaching our first support at 0.9791 (horizontal swing low support, 100% fibonacci extension ) where a strong bounce might occur pushing price up to our major resistance at 0.9855 (horizontal swing high resistance, 50% fibonacci retracement ).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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