• 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.
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
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