FX.co ★ USD/CHF right on major support, time to start buying

The price is right on major support at 0.9672 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a major bounce above this level to push the price up to at least 0.9758 resistance (Fibonacci extension, horizontal swing high resistance).

RSI (34) sees major support above 42% where we continue to holds our bullish bias as long as it remains above the support.

Buy above 0.9672. Stop loss is at 0.9627. Take profit is at 0.9758.