USD/CHF is now testing the major support around 0.9963 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). The price can bounce from this level to at least 1.0058 resistance (Fibonacci retracement, horizontal pullback resistance).

RSI (34) sees major support above the 29% level along with bullish divergence vs price suggesting a bounce is impending.

Buy above 0.9963. Set stop loss at 0.9925 and take profit at 1.0058.

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The material has been provided by InstaForex Company – www.instaforex.com

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