CADCHF is testing its resistance at 0.7745 (38.2% Fibonacci retracement, horizontal overlap resistance) where we expect the price to rise to its resistance at 0.78070 (horizontal swing high resistance) if broken.
Stochastic (55, 5, 3) bounced from its support at 7.7% where a corresponding rise is expected.
Buy above 0.7745. Set stop loss at 0.7714 and take profit at 0.7807.
The material has been provided by InstaForex Company – www.instaforex.com
CADCHF is testing its resistance at 0.7745 (38.2% Fibonacci retracement, horizontal overlap resistance) where we expect the price to rise to its resistance at 0.78070 (horizontal swing high resistance) if broken.
Stochastic (55, 5, 3) bounced from its support at 7.7% where a corresponding rise is expected.
Buy above 0.7745. Set stop loss at 0.7714 and take profit at 0.7807.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: