CADCHF approaching resistance, potential reversal!
CADCHF is approaching its resistance area at 0.7662 (100% Fibonacci extension, 100% Fibonacci extension, 61.8% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance) where price could potentially react off it and fall to its support at 0.7609 (61.8% Fibonacci extension, multiple swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction is expected.
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reaction is expected.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.