CADCHF bounced nicely off support, potential rise!
CADCHF bounced nicely off its support at 0.7568 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where price could potentially rise to its resistance at 0.7685 (38.2% Fibonacci retracement x2, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching support at 5$ where a corresponding rise could occur. We have also identified a bullish divergence with price which contributes to our bullish bias.
Stochastic (89, 5, 3) is approaching support at 5$ where a corresponding rise could occur. We have also identified a bullish divergence with price which contributes to our bullish bias.
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