CAD/CHF broke resistance zone

CAD/CHF broke resistance zone

  • CAD/CHF broke resistance zone
  • Next buy target - 0.7700

CAD/CHF continues to rise after the earlier breakout of the resistance zone lying between the resistance level 0.7600 and the 38.2% Fibonacci correction of the previous downward impulse wave (1) from May. The breakout of this resistance zone accelerated the active medium-term correction (2). CAD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7700.

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