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CADCHF approaching support, potential bounce!

Long
Canadian Dollar/Swiss Franc (FX:CADCHF)  
Tickmill Broker  
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns CADCHF cadchflong cadchfshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern cadchf cadchflong cadchfshort forex forextrading forexsignals
CADCHF is approaching our first support at 0.7361 (horizontal swing low support, 100% Fibonacci extension, long term descending support line) where a strong bounce might occur pushing price up to our major resistance at 0.7471 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding bounce in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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