USD/CHF right on major support, prepare for a bounce
The price is now testing major support at 0.9569 (Fibonacci extension, horizontal swing low support) and we expect a bounce above this level to push the price up to at least 0.9699 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing major support above 3.7% where a corresponding bounce could occur. Buy above 0.9569. […]