USDCHF is approaching our first resistance at 0.9990 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9930 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (34,5,3) is approaching resistance and we might see a corresponding drop should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.