CHFAUD approaching support, potential bounce!

٤ أبريل ٢٠١٨

CHFAUD is approaching our first support at 1.3510 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 1.368 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).

Stochastic (21,5,3) is also approaching our major support and a bounce off this level might be a good precursor of a potential rise in price.

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