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CADCHF recently reversed up with the Japanese candlesticks reversal pattern Bullish Engulfing from the support area located between the support levels 0.68600 and 0.68400 (which have been reversing the price from the middle of August) and the lower daily Bollinger Band. Given the continuation of the bullish Canadian dollar seen across the FX markets today, CADCHF is likely to rise further toward the next resistance level 0.69160 (top of the previous minor correction (ii)).
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