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CAD/CHF: Continues To Rise

Published 06/20/2013, 05:51 AM
Updated 03/09/2019, 08:30 AM
CAD/CHF
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CAD/CHF continues to rise inside the hourly Triangle chart pattern identified by Autochartist. The pair is expected to rise toward the target level 0.9115 in the next 2 trading days. The stop-level for this bullish forecast is set by Autochartist at the nearby support level 0.8987 (point A on the chart below, the last reversal point of the lower support trendline of this Triangle). This point formed recently when CAD/CHF reversed up from the support area surrounding the major long-term round support level 0.9000 (which has reversed all downward impulses of this currency pair from February of last year, as you can see on the second chart below).
<span class=CAD/CHF 1" width="600" height="368">
The following weekly CAD/CHF chart demonstrates the earlier price action close to 0.9000:
<span class=CAD/CHF 2" width="600" height="708">

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