Categories: Technical analysis

CADCHF Wave Analysis – 13 August, 2021

• CADCHF reversed from resistance area

• Likely to fall to support level 0.7280

CADCHF currency pair today reversed down from the resistance area lying between the key resistance level 0,7365 (former monthly low from June, top of the previous wave 4), intersecting with the upper daily Bollinger band and the 61,8% Fibonacci correction of the downward wave (C) from June.

The downward reversal from this resistance area stopped the previous intermediate impulse wave (3).

CADCHF currency pair can be expected to fall further toward the next support level 0.7280 (former top of wave B from the end of July).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

The dollar does not tolerate dissent

US GDP growth is driven not by the White House, but by AI. The Bank…

37 minutes ago

The crypto market has made a breakthrough

The crypto market surges, hitting new highs, with bullish sentiment for Bitcoin and Ethereum amid…

1 hour ago

Brent Crude oil Wave Analysis – 13 January 2026

Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…

15 hours ago

USDJPY Wave Analysis – 13 January 2026

USDJPY ⬆️ Buy - USDJPY broke resistance area - Likely to rise to resistance level…

15 hours ago

Exxon Mobil Wave Analysis – 13 January 2026

Exxon Mobil ⬆️ Buy - Exxon Mobil broke resistance level 125.60 - Likely to rise…

15 hours ago

BNB Wave Analysis – 13 January 2026

Brent Crude oil ⬆️ Buy - BNB broke out of sideways price range - Likely…

15 hours ago

This website uses cookies