The CAD/CHF pair is approaching its support at 0.7441 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7515 (horizontal swing high resistance).
Stochastic (55, 5, 3) is nearing its support at 5.2% where a corresponding bounce could occur.
CAD/CHF is approaching its support where we expect to see a bounce.
Buy above 0.7441. Stop loss at 0.7382. Take profit at 0.7515.
The material has been provided by InstaForex Company – www.instaforex.com