ICmarkets
Short

CADCHF Approaching Resistance, Potential Reversal

OANDA:CADCHF   CAD/CHF
CADCHF is approaching its resistance at 0.7557 (61.8% Fibonacci extension , 32.8% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 0.7507 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal could occur.
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