- CADCHF reversed from strong support level 0.5800
- Likely to rise to resistance level 0.5850
CADCHF currency pair recently reversed up once again from the strong support level 0.5800 (which has been reversing the price from the end of June) standing near the lower daily Bollinger Band.
This is the 3rd consecutive upward reversal from this support level over the last few trading sessions..
Given the strength of the support level 0.5800 and the still oversold daily Stochastic, CADCHF currency pair can be expected to rise to the next resistance level 0.5850 (top of wave ii).
- Likely to rise to resistance level 0.5850
CADCHF currency pair recently reversed up once again from the strong support level 0.5800 (which has been reversing the price from the end of June) standing near the lower daily Bollinger Band.
This is the 3rd consecutive upward reversal from this support level over the last few trading sessions..
Given the strength of the support level 0.5800 and the still oversold daily Stochastic, CADCHF currency pair can be expected to rise to the next resistance level 0.5850 (top of wave ii).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.