CADCHF approaching support, potential bounce!

CADCHF is approaching our first support at 0.7716 (horizontal swing low support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7818 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.
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CADCADCHFcadchflongcadchfshortChart PatternschfForexforexsignalsforextradingHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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