CADCHF appears to be in a bearish trend following a retest of a recently breached daily key horizontal support, along with a confirmed breakout of a support line of a bearish flag pattern.
On the 4-hour chart, a descending triangle pattern was formed, and the neckline has been broken.
There is a strong likelihood that the price will continue to decline, potentially reaching at least 0.5902 before hitting the support level.
On the 4-hour chart, a descending triangle pattern was formed, and the neckline has been broken.
There is a strong likelihood that the price will continue to decline, potentially reaching at least 0.5902 before hitting the support level.
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Disclaimer
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