USD/CHF approaching major support, prepare to buy for a bounce
The price is now testing major support at 0.9493 (Fibonacci retracement, horizontal overlap support) and we expect to see a bounce above this level to at least 0.9566 resistance (Fibonacci retracement. Stochastic (34,5,3) is fast approaching 6.4% where we expect a bounce from that corresponds to price too. Correlation analysis: USD/CHF and EUR/USD are negatively […]