FX.co ★ USD/CHF bouncing perfectly, remain bullish for a further rise

Price has bounced off perfectly from our buying area as expected. We remain bullish looking to buy above major support at 0.9578 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a bounce up to at least 0.9675 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (55,3,1) is seeing strong support above 3% where we expect a further rise from.

Buy above 0.9578. Stop loss at 0.9525. Take profit at 0.9675.