USDCHF testing support, potential rise!
USDCHF is testing our first support at 0.9578 (horizontal overlap support) and a strong bounce might occur above this level, pushing price up to our major resistance at 0.9667 (horizontal swing high resistance, 61.8% Fibonacci extension).
RSI (55) has also bounced off its major support which might be a good precursor for a potential rise in price.
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RSI (55) has also bounced off its major support which might be a good precursor for a potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
הערה:
Woohooo well on its way to our major resistance target, watch for breakout above our intermediate resistance level!
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results