USDCHF testing resistance, potential drop!

USDCHF is testing our first resistance at 0.9714 (horizontal overlap resistance). A strong reaction might occur below this level, pushing price down to our major support at 0.9647 (horizontal pullback support) which coincides with our long term ascending support line.

Stochastic (89,5,3) is also approaching our major resistance and we might see a corresponding drop in price should it react off this level.

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