#USDCHF above pivot, potential for a further upside
Price is above the pivot level at 0.91590 which is in-line with 50% Fibonacci retracement and 20EMA. Prices may bounce further upside to resistance at 0.92400, which coincides with 100% Fibonacci retracement level and 61.8% Fibonacci extension level. MACD is also indicating bullish momentum for further upside. Alternatively, price may drop to our support level at 0.90461 which is in-line with 78.6% Fibonacci retracement , 78.6% Fibonacci extension and ascending trendline support.
Pivot: 0.91590 Why we like it: 50% Fibonacci retracement and 20EMA
1st Support: 0.90461 Why we like it: 78.6% Fibonacci retracement , 78.6% Fibonacci extension and ascending trendline support
1st Resistance: 0.92400 Why we like it: 100% Fibonacci retracement level and 61.8% Fibonacci extension level
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.