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Canadian Dollar/Swiss Franc
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CADCHF bounced off support, further potential rise!

Oleh ICmarkets
Broker
CADCHF bounced off our first support at 0.7718 (horizontal overlap support, 23.6% Fibonacci retracement) where it might rise to our first resistance at 0.7812 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). A breakout above this level might push price up to our second resistance at 0.7853 (horizontal swing high resistance).
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence in line with our bullish bias
CADCADCHFcadchflongcadchfshortChart PatternschfForexforexsignalsforextradingHarmonic PatternsTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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