Technical analysis

CADCHF Wave Analysis – 27 July 2023

– CADCHF reversed from support level 0.6500

– Likely to rise to resistance level 0.6600

CADCHF recently reversed up from the powerful support level 0.6500 (which has reversed the previous impulse waves 3, (5) and (1)).

The upward reversal from the support level 0.6500 runs counter to the active intermediate impulse wave (3).

Given the strength of the support level 0.6500 , CADCHF can be expected to rise further toward the next resistance level 0.6600 (top of the previous wave (2)).

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