CAD/CHF reversed from support area

CAD/CHF reversed from support area

  • CAD/CHF reversed from support area
  • Next buy target 0.7730

CAD/CHF recently reversed up from the support area lying between the key support level 0.7600 (which reversed the earlier minor correction (iv) in April, as can be seen below) and the 61.8% Fibonacci correction of the previous upward impulse from the end of April. The upward reversal from this support area stopped the previous minor impulse wave 3. CAD/CHF is expected to rise further toward the next buy target at the next resistance 0.7730.


Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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