ICmarkets

USDCHF Approaching Resistance, Potential Reversal

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is approaching its resistance at 0.9956 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it could potentially to reverse down to its support at 0.9885 (100% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal may occur.

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