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

USD/CHF is approaching its resistance at 1.0026 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 0.9995 (horizontal swing low support).

Stochastic (55, 5, 3) is nearing its resistance at 95% where a corresponding reversal is anticipated.

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

Sell below 1.0026. Stop loss at 1.0045. Take profit at 0.9995.