On H4 of AUD/NZD, the pair has been moving to the resistance at 1.0538.
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.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.