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USDCHF is approaching our first resistance at 0.9898 (horizontal swing high resistance, 61.8% fibonacci retracement , 61.8% fibonacci extension ) and a strong drop might occur below this level pushing price down to our major support at 0.9826 (61.8% fiboancci extension, 38.2% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
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This analysis is provided as general market commentary and does not constitute investment advice.
This analysis is provided as general market commentary and does not constitute investment advice.