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AshioyaFx
Dec 18, 2018 6:59 AM

My view on USDCHF Long

USD/CHFOANDA

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ICmarkets
Nice idea on USDCHF and there may be bullish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first support that we have identified is at 0.9909 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support, is just below your 1st support. Stochastic is approaching its support at 4.6% where a corresponding bounce could occur. If a bounce does occur, we may look at the 0.9946 resistance level (50% Fibonacci retracement , horizontal swing high resistance). Please have a look at our idea and share with us what you think.

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