CADCHF facing bearish pressure | 21th Apr 2021

CADCHF facing bearish pressure | 21th Apr 2021 for FX:CADCHF by FXCM

CADCHF facing bearish pressure | 21th Apr 2021



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.

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