CAD/CHF broke resistance zone

CAD/CHF broke resistance zone

2019-11-11 • Updated

  • CAD/CHF broke resistance zone
  • Next buy target - 0.7800

CAD/CHF recently broke the resistance zone lying between the resistance level 0.7600 (former strong support from November) and the 61.8% Fibonacci correction of the previous sharp downward impulse C from January.  The breakout of this resistance zone accelerated the active minor impulse wave (iii). CAD/CHF is expected to rise toward the next buy target at the next resistance level 0.7800.

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