USDCHF is approaching our first support at 0.9832 (horizontal overlap support, 100% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 0.9891 (horizonal swing high resistance, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.