CADCHF testing 1st support, potential for further rise!

Price is testing the 1st support, which is in line with our 38.2% Fibonacci retracement and 61.8% Fibonacci extension. We could potentially see a bounce and a further rise up to our 1st resistance, which is in line with our 50% and 161.8% Fibonacci extension levels, as well as our horizontal swing high resistance. It is worth noting that price continues to hold above both the ascending trendline and moving average support.

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