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Commonwealth Bank (CBA) has retraced 61.8% Fibonacci back onto good support and has since rallied to settle above the descending trendline. A break of $50.15 would project a swing high target of $54.35 - $55.90 Commonwealth Bank (CBA) has retraced 61.8% Fibonacci back onto good support and has since rallied to settle above the descending trendline. A break of $50.15 would project a swing high target of $54.35 - $55.90