CADCHF: Waiting For Breakout

CADCHF is stuck within a local horizontal trading range on 8H.

I am waiting for its bearish breakout to short the pair and catch the next swing move to the downside.
Next support - 0.7275

Remember, that while the price is within the range,
its future direction is uncertain.

In case of a bullish breakout of the range, a bullish move will be expected.
The next resistance will be 0.747

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Comment:

Check my new idea on EURJPY: