CADCHF: Overbought Time To Sell

٧ فبراير

Price is rising towards the overlap resistance zone which also aligns with the 127.2% Fibonacci retracement. As you can see, the RSI indicator is also in the overbought territory.
I believe a reversal from this zone could lead the price to fall to the support level which is also a pullback support.
I'm bearish biased!