FX.co ★ The USD/CHF profit target was reached perfectly once again, time to buy

Price has dropped strongly from our selling area and reached our profit target perfectly. We are now seeing major support at 0.9408 (Fibonacci retracement, horizontal overlap support, ascending support) and a strong bounce could occur at this level to push the price up to the 0.9486 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 3.3% where a corresponding bounce could occur.

Buy above 0.9408. Stop loss at 0.9375. Take profit at 0.9486.