USD/CHF: 1-hour
Missed the USD/CHF breakout? Don’t fret! You could still have the chance to catch the pullback to the broken resistance zone. Price is gearing up for a retracement to the Fib levels on the 1-hour forex chart, with the 38.2% Fib lining up with the .9100 major psychological level and an area of interest. To top it off, stochastic is already crossing out of the oversold area, indicating that buyers are ready to take control of price action sooner or later. If USD/CHF is able to resume its climb, it could make its way back up to the previous highs at .9150 and beyond.
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