Categories: Technical analysis

CADCHF Wave Analysis – 10 March 2023

• CADCHF broke major support level 0.6775

• Likely to fall to major support level 0.6600

CADCHF falling sharply following the earlier breakout of the major support level 0.6775 (which has been reversing the price from the start of 2020).

The breakout of the support level 0.6775 accelerated the active intermediate impulse wave (3).

Given the predominant weekly downtrend, CADCHF can be expected to fall further toward the next support level 0.6600.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team

Recent Posts

USDJPY. Current situation #tradelikeapro #tradingstrategy #trandingshorts #usdjpy #usdjpytoday

Today is Monday, December 15th, and we're going to talk about the Japanese yen, where…

1 hour ago

ECB, BoE, and BoJ take different paths

Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…

4 hours ago

Crypto Market Holds at $3T Amid Broken Uptrend

Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…

5 hours ago

Gold Wave Analysis – 12 December 2025

Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…

3 days ago

EURGBP Wave Analysis – 12 December 2025

EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…

3 days ago

Filecoin Wave Analysis – 12 December 2025

Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…

3 days ago

This website uses cookies