CADCHF bounced nicely off support, potential rise!
CADCHF bounced nicely off its support at 0.7568 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where price could potentially rise to its resistance at 0.7685 (38.2% Fibonacci retracement x2, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching support at 5$ where a corresponding rise could occur. We have also identified a bullish divergence with price which contributes to our bullish bias.
Stochastic (89, 5, 3) is approaching support at 5$ where a corresponding rise could occur. We have also identified a bullish divergence with price which contributes to our bullish bias.
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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.