FX.co ★ USD/CHF Bounced Off Support, Prepare For Further Rise

USD/CHF has bounced off its support at 0.9900 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where we expect the price to rise to its resistance at 0.9985 (horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 1.34% where a corresponding rise is expected.

Buy above 0.9900. Stop loss at 0.9854. Take profit at 0.9985.

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