USDCHF facing bearish pressure | 4 May 2021
USDCHF is facing bearish pressure from 100% Fibonacci extension and 127.2% Fibonacci retracement . Prices might push down towards horizontal swing low support in line with 38.2% Fibonacci retracement and 50% Fibonacci extension . If prices push up towards, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement as well as 127.2% Fibonacci extension . Stochastics is also facing resistance from 90.52 level, showing a bearish pressure for prices.
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