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FX.co ★ USD/CHF Testing Support, Prepare For A Bounce!

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Forex Analysis:::2018-07-23T09:00:10

USD/CHF Testing Support, Prepare For A Bounce!

USD/CHF is testing its support at 0.9901 (100% & 61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal overlap support, ascending channel support) where a bounce up to its resistance at 0.9977 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) is expected. Stochastic (55, 5, 3) is testing its support at 2.8% where a corresponding bounce is expected.

USD/CHF is testing its support where a bounce is expected.

Buy above 0.9901. Stop loss 0.9856. Take profit at 0.9977.

USD/CHF Testing Support, Prepare For A Bounce!

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Analyst InstaForex
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