CAD/CHF broke resistance zone

CAD/CHF broke resistance zone

  • CAD/CHF broke resistance zone
  • Next buy target - 0.7500

CAD/CHF continues to rise inside the minor impulse wave (iii), which belongs to the C-wave from the start of June. The price earlier broke through the resistance zone lying between the resistance level 0.7380 (which reversed the price in May and June, as can be seen below) and the 50% Fibonacci correction of the sharp downward impulse wave from the start of April. CAD/CHF is expected to rise to the next buy target at the resistance level 0.7500.


GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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