CAD/CHF broke resistance zone

CAD/CHF broke resistance zone

  • CAD/CHF broke resistance zone
  • Next buy target - 0.7600

CAD/CHF continues to rise after the earlier breakout of the resistance zone lying between the pivotal resistance level 0.7400 (which has been reversing the price from the middle of February) and the 61.8% Fibonacci correction of the downward impulse from the start of February. CAD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7600 (former support from November).


Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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