#USDCHF is at pivot, potential for a bounce!
Price is approaching pivot level of 0.92445, in-line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. We could potentially expect the price to bounce towards resistance at 0.93260, in-line with 100% Fibonacci retracement and swing high resistance.
Alternatively, price could drop to support at 0.91910, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension.
Pivot:
0.92445
Why we like it:
38.2% Fibonacci retracement and 61.8% Fibonacci extension
1st Support:
0.91910
Why we like it:
61.8% Fibonacci retracement and 100% Fibonacci extension
1st Resistance:
0.93260
Why we like it:
100% Fibonacci retracement and swing high resistance
Trading FX & CFDs carries high risk.
Alternatively, price could drop to support at 0.91910, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension.
Pivot:
0.92445
Why we like it:
38.2% Fibonacci retracement and 61.8% Fibonacci extension
1st Support:
0.91910
Why we like it:
61.8% Fibonacci retracement and 100% Fibonacci extension
1st Resistance:
0.93260
Why we like it:
100% Fibonacci retracement and swing high resistance
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.