FX.co ★ CAD/CHF Reversed Off Resistance, Prepare For Further Drop

The CAD/CHF pair reversed off its resistance at 0.7589 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.7516 (50% Fibonacci retracement, horizontal pullback support).

Stochastic (89, 5, 3) reversed off its resistance at 98% where a corresponding drop is anticipated.

CAD/CHF reversed off its resistance where we expect to see a further drop.

Sell below 0.7589. Stop loss at 0.7660. Take profit at 0.7516.