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CADCHF has made a bullish exit, potential for a mega reversal!

FX:CADCHF   Canadian Dollar/Swiss Franc
CADCHF has made a bullish exit of its long term descending channel , this is a huge sign for a potential bullish reversal. Our 1st support is at our breakout level of 0.7386 and we can see two major resistance levels at 0.7439 ( Fibonacci retracement , horizontal overlap resistance) and 0.7469 ( Fibonacci retracement , horizontal overlap resistance).

RSI (55) has also made a corresponding bullish exit from its long term descending resistance-turned-support line signaling that there could be a strong shift in momentum from bearish to bullish .

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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This analysis is provided as general market commentary and does not constitute investment advice.
2nd support touched! lets see what happen :-)
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