CAD/CHF broke support area

CAD/CHF broke support area

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

CAD/CHF recently broke the support area lying between the key support level 0.7710 (former resistance level from April, which stopped the previous correction A, as can be seen below) and the 61.8% Fibonacci correction of the previous upward impulse from the end of April. The breakout of this support area accelerated the active minor corrective wave (4). CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7600 (target for completion of wave (4)).

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