CADCHF is currently accumulating on a strong daily resistance. The price is setting higher lows and equal highs.
From a current perspective I see two equally possible scenarios:
Bullish In case of a bullish breakout of the underlined yellow resistance cluster, a bullish continuation will be expected to 0.752 - next strong resistance.
Bearish In case of a bearish breakout of a rising trend line, a strong bearish wave will most likely follow. Next support will be 0.7425
For now, I am on a bullish side, but we must wait for the reaction first before we act.
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