USDCHF approaching resistance, potential for downside

FX:USDCHF   U.S. Dollar / Swiss Franc
Price is facing bearish pressure and is likely to resist off horizontal overlap resistance which is in line with 61.8% Fibonacci extension . Price will then take support at 0.91631 which coincides with 88.7% Fibonacci retracement , 127.2 Fibonacci extensions as well as horizontal swing low support. Alternatively, the price could break the overlap resistance rise to graphical swing high resistance at 0.92715.

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