CADCHF Reacted Nicely Off Its Resistance

Price reacted off its resistance at 0.7558 (100% Fibonacci extension, horizontal swing high) where we expect to see price push all the way down to its major support at 0.7465 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 0.7500 (100% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement).

Stochastic (89, 5, 3) has reacted off its resistance at 98.4% where we expect a corresponding drop.