ICmarkets

USDCHF Reversed Off Resistance, Potential For Further Drop!

Short
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
USDCHF reversed off its resistance at 0.9981 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 0.9942 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.

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