ICmarkets
Long

CADCHF Approaching Support, Potential Bounce!

OANDA:CADCHF   CAD/CHF
CADCHF is approaching its support at 0.7539 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback support) where it could potentially bounce to its resistance at 0.7483 (100% Fibonacci extension ).
Stochastic (89, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
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