Canadian Dollar/Swiss Franc

Short

Updated

CADCHF: Overbought Market & Pullback

snapshot

CADCHF is trading within a rising parallel channel on 4H.

Yesterday its resistance was reached and the price was heavily rejected.
At night the price has set a lower high and this morning broke and closed below minor support on hourly.

Taking into consideration that the price is overbought, bearish move is expected.

Goals: 0.7005/0.699

Note

Check my new analysis on GBPCHF:

GBPCHF: Important Breakout & Bearish Outlook

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✅Join My Telegram Channel: t.me/VasilyTrading

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.