
What happened? It looks like the decline in EUR/CHF to 1…
2019-11-11 • Updated
CAD/CHF continues to fall inside the minor impulse wave (iii), which belongs to the impulse wave 3 from the middle of February. The active impulse wave (iii) started when the pair reversed down from resistance zone lying between the resistance level 1.7600, 61.8% Fibonacci correction of the downward impulse (i) from February and the upper daily Bollinger Band.
CAD/CHF is expected to fall further to the next sell target at the support level 0.7330 (low of the previous minor impulse wave (i) and the target price for the completion of the active impulse wave (iii)).
What happened? It looks like the decline in EUR/CHF to 1…
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Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
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