FX.co ★ CAD/CHF approaching support, prepare for a bounce

CAD/CHF is approaching its support at 0.7588 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7636 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.

CAD/CHF is approaching its support where we expect to see a bounce.

Buy above 0.7588. Set stop loss at 0.7551 and take profit at 0.7636.