USDCHF is approaching our first resistance at 1.0032 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.9993 (38.2% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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Chart PatternschfForexforexsignalsforextraidngHarmonic PatternsTrend AnalysisUSDUSDCHFusdchflongusdchfshort

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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