CADCHF approaching support, potential bounce!

18 ธ.ค. 2018

CADCHF is approaching our first support at 0.7366 (horizontal swing low support, 100% Fibonacci extension x2) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7461 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.