Technical analysis

CADCHF Wave Analysis 10 August 2023

– CADCHF reversed from support level 0.6500

– Likely to rise to resistance level 0.6550

CADCHF currency pair today reversed up from the key support level 0.6500, which has been steadily reversing the price from the end of April.

The support level 0.6500 was strengthened by the nearby lower daily Bollinger Band.

Given the strength of the support level 0.6500, CADCHF can be expected to rise further toward the next resistance level 0.6550.

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