FX.co ★ USD/CHF Approaching Support, Prepare For A Bounce

USD/CHF is approaching its support at 0.9764 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.9875 (50% Fibonacci retracement, horizontal swing high resistance).

Stochastic (89, 5, 3) is approaching its support at 3% where a corresponding bounce could occur.

USD/CHF is approaching its support where we expect to see a bounce.

Buy above 0.9764. Stop loss at 0.9675. Take profit at 0.9875.