CADCHF bounced off support, further potential rise!
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
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence in line with our bullish bias
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