How to trade USD/CHF?

USD/CHF has made an impressive movement to the downside. The pair has closed on Wednesday below the 61.8% Fibonacci retracement in the 0.9455 area. The next Fibo level lies at 0.9340. On the W1 and the D1, there’s potential for further downside. On the H4, the pair looks a bit oversold, so that bull may initiate a correction. Resistance will lie at 0.9455 and 0.9500.

Trade ideas for USD/CHF

SELL 0.9390; TP 0.9340; SL 0.9405
BUY 0.9465; TP 0.9500; SL 0.9445

USDCHF