CHFAUD approaching support, potential bounce!
CHFAUD is approaching our first support at 1.3204 (horizontal swing low support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3412 (horizontal overlap resistance, 78.6% Fibonacci retracement).
RSI (55) is also seeing a bullish divergence and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) is also seeing a bullish divergence and we might see a corresponding rise in price.
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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