ICmarkets
Short

USDCHF Approaching Resistance, Potential Reversal

FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc

USDCHF             approaching resistance at 0.9758 (100% Fibonacci extension x2, 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially fall to its support at 0.9702 (50% Fibonacci retracement , horizontal pullback support).
Stochastic (89, 5, 3) is approaching resistance at 97% where a corresponding reversal could occur.
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Agreed with you.

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