Long idea on CADCHF

FX:CADCHF   Canadian Dollar/Swiss Franc
This pair appears to be pushing for a break-out of a weekly trend-line, previous touches have retraced, whereas we are now consolidating against that same trend-line resistance. The monthly chart shows current price around the 23% level of the all-time high in 2007 at 1.25, to the all-time low in 2011 at 0.71, suggesting more scope to the upside. I am long and may look to add upon a decisive break & hold above 0.8650. If it dribbles away from the consolidation pattern I will move on. Patience may be required on this one by the looks of it.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.