CADCHF bounced off support, further potential rise!
CADCHF bounced off our first support at 0.7718 (horizontal overlap support, 23.6% Fibonacci retracement) where it might rise to our first resistance at 0.7812 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). A breakout above this level might push price up to our second resistance at 0.7853 (horizontal swing high resistance).
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence in line with our bullish bias
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence in line with 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.