FX.co - USD/CHF approaching major support, look to buy

2016-09-07T02:03:32

Long-term review

Price is approaching major support at 0.9675 (Fibonacci retracement, Fibonacci projection) where we expect a bounce from to at least 0.9765.

Stochastics (21,5,3) is also seeing major support at 7% where we expect a bounce from.

USD/CHF approaching major support, look to buy

Buy above 0.9675. Stop loss is at 0.9615. Take profit is at 0.9765.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/CHF approaching major support, look to buy