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09.05.2018 06:56 AM
CAD/CHF testing its resistance, remain bullish

CADCHF is testing its resistance at 0.7745 (38.2% Fibonacci retracement, horizontal overlap resistance) where we expect the price to rise to its resistance at 0.78070 (horizontal swing high resistance) if broken.

Stochastic (55, 5, 3) bounced from its support at 7.7% where a corresponding rise is expected.

Buy above 0.7745. Set stop loss at 0.7714 and take profit at 0.7807.

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Dean Leo,
Analytical expert of InstaForex
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