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PCMBrokers
Apr 3, 2024 7:49 PM

Technical analysis of the CADCHF currency pair Short

Canadian Dollar/Swiss FrancFXCM

Description

The price has once again hit the ceiling of the red and black descending channel. At the same time, we see the price hitting the 200-day moving average and the supply range of 0.6700. In general, we see a very strong resistance range, which can result in a price drop.
Note that if the price breaks this range upwards, a very strong buy signal will be issued. Otherwise, we should see a price correction.
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