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CAD/CHF Expected To Fall To 0.7978

Published 06/05/2014, 02:36 AM
Updated 03/09/2019, 08:30 AM
CAD/CHF
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The CAD/CHF continues to fall after the recent reversal from the upper resistance trendline– as you can see from the following trade alert for this currency pair.

The CAD/CHF is expected to break this Up Channel and then to fall to the target level 0.7978 in the next 8 trading days. Autochartist set the stop-level for this forecast at 0.8290 (point B). This point formed recently – when the pair reversed down from the resistance zone between the 61.8% Fibonacci Correction of the preceding downward impulse from January and the upper weekly Bollinger Band. RSI being above the “60” mark confirms this forecast.

CAD/CHF Overview Chart

The weekly CAD/CHF chart below shows the aforementioned resistance levels.

The weekly CAD/CHF chart below shows the aforementioned resistance levels

CAD/CHF Weekly Chart

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