CADCHF facing bearish pressure | 21st Apr 2021
Canadian Dollar/Swiss Franc FX:CADCHF
CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement , and 78.6% Fibonacci extension . Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement . If prices push up further, prices might face resistance from horizontal swing high resistance which coincides with 78.6% Fibonacci retracement and 127.2% Fibonacci extension . Ichimoku cloud is above prices, showing a bearish pressure for prices.