USDCHF approaching support, potential bounce!
USDCHF is approaching our first support at 0.9788 (horizontal pullback support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.9954 (horizontal swing high resistance, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish pressure.
Stochastic (34,5,3) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (34,5,3) is also seeing a bullish exit and we might see a corresponding rise in price.
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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