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

USD/CHF is testing its resistance at 0.9956/(100% Fibonacci extension, 23.6 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9917 (horizontal swing low support) is expected.

Stochastic (55, 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 0.9956. Stop loss at 0.9994. Take profit at 0.9917.