GBP/NZD reversed from resistance zone Next sell target - 1…
CAD/CHF reversed from resistance zone
- CAD/CHF reversed from resistance zone
- Next sell target - 0.7300
CAD/CHF recently reversed down from the resistance zone lying between the key resistance level 0.7400 (which has been reversing the price from the middle of February, as can be seen below), upper daily Bollinger Band, 50-day moving average and the 61.8% Fibonacci correction of the previous sharp downward impulse from February. CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7300.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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