- CADCHF reversed from pivotal resistance level 0.6050
- Likely to fall to support level 0.5935
CADCHF currency pair recently reversed from the resistance zone between the pivotal resistance level 0.6050 (former monthly low from March) and the 50% Fibonacci correction of the downward impulse from the start of April.
The downward reversal from resistance level 0.6050 continues the active impulse wave iii of the intermediate impulse wave (3) from the end of November.
Given the clear daily downtrend and the strongly bullish Swiss franc sentiment seen today, CADCHF currency pair can be expected to fall to the next support level 0.5935.
- Likely to fall to support level 0.5935
CADCHF currency pair recently reversed from the resistance zone between the pivotal resistance level 0.6050 (former monthly low from March) and the 50% Fibonacci correction of the downward impulse from the start of April.
The downward reversal from resistance level 0.6050 continues the active impulse wave iii of the intermediate impulse wave (3) from the end of November.
Given the clear daily downtrend and the strongly bullish Swiss franc sentiment seen today, CADCHF currency pair can be expected to fall to the next support level 0.5935.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.