CAD/CHF reversed from powerful resistance zone

CAD/CHF reversed from powerful resistance zone

  • CAD/CHF reversed from powerful resistance zone
  • Next sell target - 0.7770

CAD/CHF continues to fall after the earlier downward reversal from the powerful resistance zone lying between the long-term resistance level 0.7930 (which also reversed the price sharply in 2015 as can be seen form the weekly CAD/CHF chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone, CAD/CHF is expected to fall to the next sell target at the next support level 0.7770 (former multi-moth resistance level).


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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