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Tickmill
Apr 12, 2018 4:12 AM

USDCHF testing support, potential rise!  Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF is testing our first support at 0.9578 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.9667 (horizontal swing high resistance, 61.8% Fibonacci extension).

RSI (55) has also bounced off its major support which might be a good precursor for a potential rise in price.

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Comment

Woohooo well on its way to our major resistance target, watch for breakout above our intermediate resistance level!
Comments
Ronnie_Dong
I like your chart,and I have followed you. I hope you can Follow Me at the same time.
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