FX.co ★ Technical analysis of USD/CHF for December 23, 2016

The price continues to drop towards our profit target. We remain bearish below 1.0268 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.0200 resistance (Fibonacci projection, Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing descending resistance pushing the price down.

Sell below 1.0268. Stop loss at 1.0296. Take profit at 1.0200.