Tickmill

USDCHF approaching support, potential bounce!

Viés de alta
FX:USDCHF   Dólar Americano/Franco Suíço
Price is approaching our first support at 0.9990 (horizontal pullback support, 23.6% Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.0059 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension).
RSI (89) is also approaching support where we might see a corresponding rise in price should it bounce off this level.
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