CAD/CHF broke support zone

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

CAD/CHF recently broke through the support zone lying between the key support level 0.7730 (which reversed the price twice from the start of May, as can be seen below) and the 50% Fibonacci correction of the previous sharp upward impulse (v) from April. The breakout of this support zone accelerated the active minor impulse wave (i). CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7600.

Dmitry Chernovolov

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