USD/CHF Testing Resistance, Prepare For Reversal
USD/CHF is testing its resistance at 0.9956/(100% Fibonacci extension, 23.6 % Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.9917 (horizontal swing low support) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop is expected. USD/CHF is testing its resistance where we expect to see a reversal.
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Jeff Wecker