
CADCHF has found a Channel support at 0.72211, and it seem the bullish pressure is gradually coming in, and if the daily candle closes bullish, I expect more bullish pressures to the next resistance which is 50 fib level at 0.72999, further bullish pressures may lead to 1.73287 and 1.73743. A close the 0.72211 from here would lead price to 0.71796.
Disclaimer: What I have shared above is not a financial or investment advice, it’s an opinion that could be helpful for educational purposes only, whatever trading decision you make is at your own risk.
Edited 19 Aug 2021, 14:04
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