FX.co ★ USD/CHF bouncing perfectly from our buying area, remain bullish

The price has reached our buying area and bounced off it perfectly. We remain bullish looking to buy above strong support at 0.9527 (Fibonacci extension, bullish price action, channel exit potential) for a push up to at least 0.9593 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is seeing strong support above 3.6% and has good upside potential for USDCHF's further rise.

Buy above 0.9527. Stop loss is at 0.9500. Take profit is at 0.9593.