ForceFollower
Short

CADCHF Dancing Around 0.80

FX:CADCHF   Canadian Dollar/Swiss Franc
66 3 0
Unless support holds, I expect another leg down. (Sorry for the mistake in 'switchback').
There's one thing I don't like about this sell-off. It should have led to new lows. And it stopped and is probably about to go up again. A poor performance of an impulse move. And it seems to be nicely contained by an up fork. So the down trend is still the name of the game, but if it stays like that, it may get harder to reach 0.79. However, I do not advocate going long, I strongly oppose any such notion. Short but very catious.
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On the longer term, do you think we will get past 0.79?
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It depends on: whether we get to 0.79, how we get there, where the LL will be and some other factors. I can't tell you now, but personally I think it's possible.
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