CADCHF approaching resistance, potential drop!
CADCHF is approaching our first resistance at 0.7587 (76.4% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 0.7441 (38.2% Fibonacci retracement , horizontal swing low support, 61.8% Fibonacci extension ).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Penafian
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