Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
CAD/CHF broke resistance levels - 0.7650 and 0.7710
- CAD/CHF broke resistance levels - 0.7650 and 0.7710
- Next buy target - 0.7850
CAD/CHF continues to rise inside the minor impulse wave 3, which recently broke above the two consecutive resistance levels - 0.7650 (previous buy target set in our earlier forecast for this currency pair) and 0.7710 (powerful resistance level which reversed the price in January and February). The breakout of these resistance levels strengthened the bullish pressure on this currency pair. CAD/CHF is expected to rise to the next buy target at the next resistance level 0.7850.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
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