The CAD/CHF pair is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing the price down to our major support at 0.7502 (50% Fibonacci retracement).
Stochastic (89,5,3) is also nearing resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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