CAD/CHF Approaching Support, Prepare For Bounce

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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

Source:: CAD/CHF Approaching Support, Prepare For Bounce

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