CADCHF approaching resistance, potential drop!

CADCHF is approaching our first resistance at 0.7587 (76.4% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 0.7441 (38.2% Fibonacci retracement , horizontal swing low support, 61.8% Fibonacci extension ).

Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.

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