CADCHF approaching support, potential bounce!
CADCHF is approaching our first support at 0.7610 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where price might bounce above this level and potentially rise to our first resistance at 0.7696 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (21,5,3) is also seeing a bullish divergence in where we might see a corresponding rise in price.
Stochastic (21,5,3) is also seeing a bullish divergence in where we might see a corresponding rise in price.
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