CADCHF in a bullish channel!

8 พ.ค. 2018

CADCHF reversed nicely off its intermediate resistance at 0.7806 (horizontal swing high resistance) where it could potentially fall to its intermediate support at 0.7714 (100% Fibonacci extension, 50% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support) before bouncing back up to its resistance at 0.7914 (61.8% Fibonacci extension, horizontal swing high resistance).
RSI (89) is in ascending channel which contributes to our bullish bias.