CADCHF testing 1st support, potential for bounce!
Price is testing 1st support, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support. We could see a bounce and further upside towards 1st resistance, in line with 127.2% Fibonacci extension and horizontal swing high resistance. RSI is also testing the lower support where price has bounced before in the past, showing potential for further bullish pressure.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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