Resistance: 0.9623 moderate / 0.9637 minor / 0.9659 minor

Support: 0.9601 strong / 0.9587 moderate / 0.9565 minor

Overall bias in USDCHF is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 0.9623 as the immediate target, possibly further on to 0.9637. A stop loss should be placed below 0.9601, the Pivot Point. The prudent course of action is to look for a confirming big white candlestick first before buying.

For pattern explanation and visual identification rules, click here.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices