forextamil

CADCHF: ASCENDING TREND LINE-PULLBACK.

FX:CADCHF   Canadian Dollar/Swiss Franc
Hello traders,

Unless breaking the seven-week long ascending trend-line, at 0.7597 now, chances of the CADCHF's pullback to 0.7650 and then to the 0.7665 can't be denied; though, recent high of 0.7675, ascending TL of 0.7685 and the 0.7700 could check the pair's strength afterwards. Assuming the pair's rise above 0.7700, the 0.7735 and the 0.7765 can become buyers favourite.

Meanwhile, a downside break of 0.7600 can drag the quote to the 0.7585 and the 0.7560 supports prior to increasing the importance of 0.7500 round-figure. Also, pair's plunge past-0.7500 can avail the 0.7460, the 0.7425 and the 0.7390 rest-points during further weakness.
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