USDCHF testing resistance, could possibly drop
Price is testing its 1st resistance (100% Fibonacci extension*2, horizontal swing high resistance, 38.2% Fibonacci retracement) where it is expected to reverse down to its support (horizontal swing low support,61.8% % Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results