CADCHF reversed off its resistance at 0.7638 (100% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 0.7516(50% Fibonacci retracement , horizontal overlap support, 100% Fibonacci extension ).
Stochastic (55,5,3) is also reversing off its resistance and we might see a corresponding drop in price should it react off this level.
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