USDCHF approaching support, potential bounce!
USDCHF is approaching our first support at 0.9963 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0067 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching our major support where a bounce off this level might see a corresponding rise in price.
Stochastic (55,5,3) is also approaching our major support where a bounce off this level might see a corresponding rise in price.
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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