FX.co ★ USD/CHF Approaching Resistance, Prepare For Reversal

USD/CHF is testing its resistance at 0.9604 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9554 (horizontal swing low support) is expected.

Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding drop is expected.

USD/CHF is testing its resistance where we expect to see a reversal.

Sell below 0.9604. Stop loss at 0.9626. Take profit at 0.9554.