USD/CHF – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.8594076 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 0.85842 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87483 |
| 2nd High | 0.86139 |
| Next High | 0.85842 |
| Current Price | 0.85805 |
| Next Low | 0.85585 |
| 2nd Low | 0.85576 |
| 3rd Low | 0.85299 |