Technical analysis

CADCHF Wave Analysis 7 April, 2021

CADCHF Wave Analysis 7 April, 2021

• CADCHF broke support level 0.7370

• Likely to fall to support level 0.7300

CADCHF currency pair recently broke the support level 0.7370 (which stopped the previous minor correction (iv) in the middle of March).

The breakout of the support level 0.7370 was preceded by the breakout of the daily up channel from February.

CADCHF is likely to fall further toward the next support level 0.7300 (target price for the completion of the active correction 4).

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