CAD/CHF reached buy target 0.7500

CAD/CHF reached buy target 0.7500

  • CAD/CHF reached buy target 0.7500
  • Next buy target - 0.750

CAD/CHF has been rising sharply in the last few trading sessions inside the minor impulse wave 3 – which earlier broke though the combined resistance area lying between the resistance level 0.7500, 61.8% Fibonacci correction of the previous downward impulse from the middle of February and the 200-day simple moving average. The price today reached the resistance level 0.7600 (previous buy target). If the pair closes above this resistance level - CAD/CHF can then be expected to rise to the next buy target at the next resistance level 0.7650.

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