Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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).
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.