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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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.