Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
CAD/CHF broke support zone
2019-11-11 • Updated
- CAD/CHF broke support zone
- Next sell target - 0.7500
CAD/CHF today broke through the support zone lying between the key support level 0.7600 (which stopped earlier waves (1) and 4), 50-day moving average and the 50% Fibonacci correction of the previous sharp upward impulse from March. The breakout of this support zone continues the active intermediate impulse wave (3) from the end of May. CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7500.
European stock markets are seen opening higher Wednesday, helped by increased confidence for a new U.S. stimulus package to boost the world’s largest economy. The White House and Democrats in the U.S.
UK officials are reportedly preparing to dilute PM Johnson’s Brexit legislation, in a move that could rekindle negotiations with the EU.
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