Chadchfshort
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7668 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7565 (horizontal swing low support, 50% Fibonacci retracement).
RSI (89) is also approaching our major resistance where we might see a corresponding drop in price should it react off this level.
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