Klimex

CADCHF Approaching Resistance, Potential Reversal

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
CADCHF is approaching resistance at 0.7556 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance), where it could potentially reverse down to its support at 0.7471 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic is approaching its resistance at 96% where a corresponding reversal could occur.
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