CAD/CHF reached buy target 0.7250

CAD/CHF reached buy target 0.7250

2019-11-11 • Updated

  • CAD/CHF reached buy target 0.7250
  • Next buy target - 0.7350

CAD/CHF continues to rise after the earlier breakout of the resistance level 0.7250, which was set as the buy target in our previous forecast for this currency pair. The breakout of the resistance level 0.7250 is likely to strengthen the bullish pressure on this currency pair and accelerate the active minor impulse wave 3 – which belongs to wave (3).

CAD/CHF is expected to rise to the next buy target at the resistance level 0.7350 (former powerful support level from the end of March).

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