CADCHF approaching support, potential bounce!

25 เม.ย. 2018

CADCHF is approaching our first support at 0.7608 (horizontal swing low support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7713 (horizontal swing high resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bullish exit and we might see a corresponding rise in price.
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