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USD/CHF bouncing up nicely remains bullish — Forex Stock Trade




USD/CHF bouncing up nicely remains bullish




The price continues to inch downward in the direction of the purchase of our region. We remain optimistic looking to buy a hollow ring in the top of 0.9679 support (Fibonacci retracement, horizontal drop support) to push further to 0.9757 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).

RSI (34) has an output upward of our triangle formation and sees a crescent to the support line to hold it really well.

Buy above 0.9679. Stop loss is to 0.9629. Take profit is at 0.9757.



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