– CADCHF broke resistance level 0.6550
– Likely to rise to resistance level 0,6625
CADCHF recently broke through the resistance level 0.6550 (which stopped the pervious minor correction 2 at the end of October, as can be seen below).
The breakout of the resistance level 0.6550 accelerated the active short-term correction 2 from the end of last month.
Given the strong Swiss franc sales and the proximity of the powerful support level 0.6480, CADCHF can be expected to rise further toward the next resistance level 0,6625.
- 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…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies