CAD/CHF broke resistance level 0.7800

CAD/CHF broke resistance level 0.7800

  • CAD/CHF broke resistance level 0.7800
  • Next buy target 0.7900

CAD/CHF recently reversed up from the support zone lying between the pivotal support level 0.7730 (former resistance from the middle of April) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the April. Having just broken the resistance level 0.7800 (top of the impulse wave (i)) - CAD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7900 (top of wave B).


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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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