FX.co ★ CAD/CHF Approaching Resistance, Prepare For A Reversal

CAD/CHF is approaching its resistance at 0.7557 (61.8% Fibonacci extension, 32.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.7507 (61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.

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

Sell below 0.7557. Stop loss 0.7586. Take profit at 0.7507.