CHFAUD approaching resistance, potential drop!

16 พ.ค. 2018

CHFAUD is approaching our first resistance at 1.3412 (horizontal swing high resistance, 38.2%, 78.6% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.3204 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic is also approaching our major resistance where a reaction off this level might be a good precursor for a potential drop in price.
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