π CADCHF Price Forecast π
The CADCHF market is currently in an uptrend but has now formed a strong resistance zone. Bearish signals and a reversal pattern have been confirmed, indicating a potential breakdown of the support level and the ascending channel.
After the breakdown, the price may fall into the demand zone. If a retracement back to the broken channel occurs, it could provide another selling opportunity before continuing to the next technical targets.
π― Technical Target Levels:
- 0.6280
- 0.6240
- 0.6210
π Key Highlights:
- Strong resistance zone with bearish signs.
- Reversal pattern confirmed, signaling potential downside.
- Watch for retracement opportunities after a breakdown.
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