FX.co ★ CAD/CHF Testing Resistance, Prepare For Reversal!

CAD/CHF is testing its resistance at 0.7656 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) is expected.

Stochastic (89, 5, 3) has reversed off its resistance at 95% where a corresponding drop is expected.

CAD/CHF is testing its resistance where we expect to see a reversal.

Sell below 0.7656. Stop loss at 0.7689. Take profit at 0.7591.

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