• CADCHF reversed from support area
• Likely to rise to resistance level 0.7415
CADCHF recently reversed up from the support area located between the key support level 0.7325 (which has been repeatedly reversing the price from the start of November), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward price impulse 1 from the middle of August.
The upward reversal from this support area stopped the earlier minor corrective wave (b).
Given the strength of the support level 0.7325, CADCHF can be expected to rise further toward the next resistance level 0.7415 (top of wave (a)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies