CADCHF: Overbought Market & Pullback

Short

Canadian Dollar/Swiss Franc (FX:CADCHF)

Updated

FX:CADCHF Canadian Dollar/Swiss Franc

Trend Analysis Chart Patterns Parallel Channel canadiandollar swissfranc chf CAD CADCHF forecast trade Currencies

trendanalysis chartpattern parallelchannel canadiandollar swissfranc chf cad cadchf forecast trade currencies

snapshot

CADCHF is trading within a rising parallel channel on 4H.

Yesterday its resistance was reached and the price was heavily rejected.
At night the price has set a lower high and this morning broke and closed below minor support on hourly.

Taking into consideration that the price is overbought, bearish move is expected.

Goals: 0.7005/0.699

Comment:

Check my new analysis on GBPCHF:

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