The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
CAD/CHF broke resistance zone
- 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.
Dmitry Chernovolov
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