CAD/CHF Approaching Resistance, Prepare For A Reversal

CAD/CHF is approaching its resistance at 0.7474 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.7416 (50% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

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

Sell below 0.7474. Stop loss 0.7516. Take profit at 0.7416.

analytics5c1339670915f.png

The material has been provided by InstaForex Company - www.instaforex.com