ICmarkets

USDCHF Approaching Resistance, Potential For A Reversal

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is approaching its resistance at 1.0026 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 0.9995 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.

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