– CADCHF reversed from resistance level 0.6550
– Likely to fall to support level 0.6480
CADCHF currency pair recently reversed down from the pivotal resistance level 0.6550 (which has been repeatedly reversing the pair from the start of August), intersecting with the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from July.
The downward reversal from the resistance level 0.6550 stopped the previous short-term correction 2.
Given the strong daily downtrend, CADCHF can be expected to fall toward the next support level 0.6480 (which has been reversing the price from May).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies