What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF falling inside minor impulse C-wave
2019-11-11 • Updated
- CAD/CHF falling inside minor impulse C-wave
- Next sell target - 0.7600
CAD/CHF continues to fall inside the minor impulse wave (i) – which belongs to the sharp C-wave which started earlier from the resistance zone lying between the major resistance level 0.7900 (which stopped the previous sharp intermediate impulse wave (1) in September, as can be seen below) and the upper daily Bollinger Band. CAD/CHF expected to fall toward the next sell target at the next support level 0.7600 (low of the earlier waves A and (b)).
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
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