CADCHF approaching support, potential bounce!

cadchf is approaching our first support at 0.7516 (horizontal overlap support, 61.8% & 50 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.7579 (61.8% Fibonacci extension, horizontal overlap resistance, 50% Fibonacci retracement ).

Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.

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