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USDCHF Testing Resistance, Potential For Reversal

Oleh ICmarkets
Broker
USDCHF is testing its resistance at 0.9808 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9751 (23.6 % Fibonacci retracement, horizontal swing low support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop could occur.
audCADChart PatternschfGBPHarmonic PatternsjpyTrend AnalysisUSDUSDCHFusdchfshort
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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