Took support on 4H TF.
Buy 560 CE September and hold till sustains above 6.85
Target 11 13 16 +
SL below 5.5
PS Only for educational purposes, Do your own research, not SEBI registered
CAD/CHF has bounced sharply to the highs of 0.75969.
It consolidated in the highs with a flat correction.
The MACD indicator moved into the sell zone owing to correction but has now reversed to the buy zone.
We expect the pair to higher and trade with positive bias from here, however, the counter might find support at the trendlines which we indicated in the chart...
Gail 1D chart shows that it is above 100 EMA. Supertrend has shown buy signal.
MACD is above zero line and bullish crossover moving upwards.
There is resistance at 390 and if it manages to break, it will move higher.
It created a double bottom at the support line and broke the resistance of 349 then went higher.