FX.co ★ USD/CHF remains bearish below strong resistance

We continue to remain bearish below 1.0068 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) as we look to play the drop towards 0.9973 support (Fibonacci retracement, Fibonacci extension).

Stochastic (34,5,3) is now at the pullback resistance where we expect another bearish reaction to occur.

Sell below 1.0068. Set stop loss at 1.0114 and take profit at 0.9973.