FX.co ★ USD/CHF testing major resistance, prepare to sell

We prepare to sell below major resistance at 0.9956 (Fibonacci retracement, horizontal overlap resistance, long-term descending resistance) for a push down to 0.9896 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing descending resistance holding the price down correspondingly.

Sell below 0.9956. Stop loss at 0.9975. Take profit at 0.9896.