FX.co ★ USD/CHF testing major support, remain bullish

The price continues to test major support at 0.9536 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we remain bullish above this level for a bounce up to at least 0.9655 resistance (Fibonacci retracement, horizontal swing high resistance, price gap).

Stochastic (34,5,3) is testing major support at 3.8% where we expect a bounce from.

Buy above 0.9536. Stop loss is at 0.9493. Take profit is at 0.9655.