CAD/CHF broke support area

CAD/CHF broke support area

  • CAD/CHF broke support area
  • Next sell target - 0.7600

CAD/CHF continues to fall inside the minor corrective wave 2 – which previously broke though the support area lying between the pivotal support level 0.7740 and the 38.2% Fibonacci correction of the previous upward price impulse from June. The breakout of this support area strengthened the bearish pressure on this currency pair. CAD/CHF is expected to fall toward the next sell target at the next support level 0.7600.

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