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LimitMarkets
Jul 8, 2019 1:55 PM

CADCHF ready to bounce Short

Canadian Dollar/Swiss FrancFXCM

Description

Parity starting to get closer to our important upper band. The 0.7630 - 0.7650 zone will be a strong resistance area to watch. As long as we stay below that area we need to watch potential reversal patterns. If reversal formation occurs in the mentioned area, it may be possible to see a retracement to the 0.7550 support.
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