CAD/CHF Testing Support, Prepare For A Bounce
CAD/CHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce is expected.
CAD/CHF is testing its support where we expect to see a bounce.
Buy above 0.7394. Stop loss at 0.7338. Take profit at 0.7484.