USDCHF approaching resistance, potential drop!
USDCHF is approaching our first resistance at 0.9983 (horizontal pullback resistance, ascending channel’s resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where we might see a drop to our major support at 0.9944 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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