Narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.
CAD/CHF reversed from major resistance area
- CAD/CHF reversed from major resistance area
- Next sell target - 0.7600
CAD/CHF recently reversed down strongly from the major resistance area lying between the major, long-term resistance level 0.7750 (which has been steadily reversing the pair from the end of 2015, as can be seen from the weekly CAD/CHF chart below), the upper weekly Bollinger Band and the 200-week moving average. Considering the overbought reading on the weekly Stochastic - CAD/CHF is expected to fall further to the next sell target at the next support level 0.7600.
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