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Canadian Dollar/Swiss Franc
Long

CADCHF Approaching Support, Potential Bounce

By ICmarkets
Broker
CADCHF is approaching its support at 0.7369 ( horizontal swing low support, 100% Fibonacci extension, long term descending support line) where it could potentially bounce to its resistance at 0.7471 (Horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
CADCADCHFcadchflongcadchfshortChart PatternschfForexforexsignalforextradingHarmonic 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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