#USDCHF is at pivot, potential for a bounce!
Price is approaching pivot level of 0.92445, in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. We could potentially expect the price to bounce towards resistance at 0.93260, in-line with 100% Fibonacci retracement and swing high resistance.
Alternatively, price could drop to support at 0.91910, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension.
Pivot:
0.92445
Why we like it:
38.2% Fibonacci retracement and 61.8% Fibonacci extension
1st Support:
0.91910
Why we like it:
61.8% Fibonacci retracement and 100% Fibonacci extension
1st Resistance:
0.93260
Why we like it:
100% Fibonacci retracement and swing high resistance
Trading FX & CFDs carries high risk.
Alternatively, price could drop to support at 0.91910, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension.
Pivot:
0.92445
Why we like it:
38.2% Fibonacci retracement and 61.8% Fibonacci extension
1st Support:
0.91910
Why we like it:
61.8% Fibonacci retracement and 100% Fibonacci extension
1st Resistance:
0.93260
Why we like it:
100% Fibonacci retracement and swing high resistance
Trading FX & CFDs carries high risk.
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