FX.co ★ CAD/CHF Testing Support, Prepare For A Bounce

CAD/CHF is approaching its support at 0.7606 (61.8% Fibonacci extension, 78.6% & 61.8% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7625 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (89, 5, 3) is testing its support at 3.7% where a corresponding bounce is expected.

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

Buy above 0.7606. Stop loss at 0.7587. Take profit at 0.7625.