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

USD/CHF is testing its resistance at 1.0056 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.0001 (61.8% Fibonacci retracement, horizontal swing low support) is expected.

Stochastic (89, 5, 3) has reversed off its resistance at 97% where a corresponding drop is expected.

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

Sell below 1.0056. Stop loss at 1.0108. Take profit at 1.0001.