USD/CHF – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.86608828 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.86635 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86694 |
| 2nd High | 0.86691 |
| Next High | 0.86635 |
| Current Price | 0.86528 |
| Next Low | 0.86448 |
| 2nd Low | 0.86327 |
| 3rd Low | 0.86296 |