USDCHF is approaching our first resistance at 1.0096 (Horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9974 (horizontal pullback support, 100% fibonacci extension, 50% and 23.6% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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