CAD/CHF - outlook - possible new upward channel formation

FX:CADCHF   Canadian Dollar/Swiss Franc
CAD/CHF             has been in a downward channel although price previously closed above this and there could be a longer term upward channel forming. Price is likely to bounce up towards the 0.75500-700 area where it will face resistance, if breaking above the upwards channel is strongly in play. Conversely price could head lower towards 0.74200- 0.7400 in a continuation of current longer term downward channel .
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