USDCHF 1HR
The USDCHF has completed a 5 wave up move and is expected to fall to 0.9310 (blue line) which represents the 50% Fibonacci retracement level of the total up move. Prices may retest the 0.9456-0.9468 price zone to test for demand, 0.9456 is also the daily pivot, hence this is a key price zone to watch. Prices are expected to fall however a solid close above 0.9468 may result in higher prices and a subsequent retest of the highs.
