# USD/CHF Support Turned Resistance at .9000? (October 30, 2013) Source: https://www.tradersway.com/resources/market-info/usd-chf-support-turned-resistance-at-9000-october-30-2013/ Language: en Updated: 2013-10-30 Description: Explore USD/CHF Support Turned Resistance at .9000? (October 30, 2013). Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast. Risk aversion has been keeping the franc’s gains at bay, as USD/CHF recently bounced off the .8900 major psychological support. Perhaps franc bulls are waiting for more buying momentum before pushing this pair lower. With that, the pair could still pull back to the falling trend line forming on the 1-hour time frame before resuming its drop. This is in line with the 61.8% Fibonacci retracement level, right around the .9100 former support level. ![USD/CHF Support Turned Resistance at .9000? (October 30, 2013)] However, the recent resistance at the .9000 major psychological level could already hold as stochastic is already in the overbought region. Shorting at market with a stop above .9100 and aiming for new lows would be a good position trade. Moving the stop loss to entry once the pair tests the .8900 support can help minimize risk. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/usd-chf-support-turned-resistance-at-9000-october-30-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/usd-chf-support-turned-resistance-at-9000-october-30-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/usd-chf-support-turned-resistance-at-9000-october-30-2013/", "headline": "USD/CHF Support Turned Resistance at .9000? 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