USDCHF is approaching our first resistance at 1.0096 (horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.9892 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance and a reaction off this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.