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Klimex
Dec 7, 2018 4:42 AM

CADCHF Approaching Support, Potential Bounce Long

Canadian Dollar/Swiss FrancFXCM

Description

CADCHF is approaching its support at 0.7357 (100% Fibonacci extension x2 , horizontal swing low support) where it could potentially bounce to its resistance at 0.7469 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
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