CADCHF approaching support, potential bounce!

CADCHF is approaching our first support at 0.7451 (horizontal overlap support, 61.8%, Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 0.7535 (horizontal overlap resistance, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our support where we might see a bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

CADCADCHFcadchflongcadchfshortChart PatternschfHarmonic PatternsTrend Analysis

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