Ongoing downtrend with CAD/CHF - with warning
There has been an evident downtrend since June 2022.
The price continues to bounce on the resistance, just to come down and make a lower high...
However, there has been somewhat an established strong support as of late around 0.64666.
We will most likely see short term upside to 0.6629. And if it fails to break the resistance and come down, then the short target will most likely be at 0.6277.
Good to watch and see how it plays out.
The price continues to bounce on the resistance, just to come down and make a lower high...
However, there has been somewhat an established strong support as of late around 0.64666.
We will most likely see short term upside to 0.6629. And if it fails to break the resistance and come down, then the short target will most likely be at 0.6277.
Good to watch and see how it plays out.
✅ Facebook:
facebook.com/groups/matitrader
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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