CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74873 where it could potentially react off and up to 1st resistance at 0.75265.
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Cadchfidea
Go Short as CADCHF Consolidates Below Trend LineIn the daily chart, we can see that the CADCHF has been consolidating after breaking the support trend line earlier this month. It is now testing the support-turn-resistance trend line again after a 160-pip rally from 0.7266. This provides a good opportunity to sell on a pullback.