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USDCHF testing support, potential rise!

FX:USDCHF   美元 / 瑞士法郎
USDCHF             is testing our first support at 0.9578 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.9667 (horizontal swing high resistance, 61.8% Fibonacci extension ).

RSI (55) has also bounced off its major support which might be a good precursor for a potential rise in price.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

評論: Woohooo well on its way to our major resistance target, watch for breakout above our intermediate resistance level!
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
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