FX:CADCHF Canadian Dollar/Swiss Franc
The CAD/CHF has been building some . The sellers are still present as indicated by the long upper wicks, however, the pair seems to be creating a slow and steady sequence of higher lows, as well as clearing the 50% fib with a massive 2 way candle. All in all, we'd be interested buyers on a clearing of the 61.8 fib, we feel like once that resistance is clear we should make a round trip back to the 0.861 highs. If the pair does break the 0.844 lows with some seller conviction we'd be looking for pullbacks for shorting purposes.