Technical analysis

CADCHF Wave Analysis – 21 April, 2022

CADCHF Wave Analysis – 21 April, 2022

• CADCHF under strong bullish pressure
• Likely to rise to resistance level 0.7700

CADCHF currency pair is under strong bullish pressure after breaking through the major resistance level 0.7500, which has a long history of reversing this pair.

The breakout of the resistance level 0.7500 accelerated the active impulse waves 3 and (3) which then broke the daily up channel from February.

CADCHF can be expected to rise further toward the next resistance level 0.7700 (target price for the completion of the active impulse wave 3).

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