CADCHF bullish breakout | 1st July 2021

CADCHF bullish breakout | 1st July 2021 for FX:CADCHF by FXCM

CADCHF bullish breakout | 1st July 2021



CADCHF has seen a bullish breakout from the descending trendline resistance-turned-support, and RSI is holding above the ascending trendline support as well. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement , 61.8% Fibonacci extension and horizontal overlap support, and rise towards 1st Resistance, in line with horizontal swing high resistance.

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