After a strong move to the downside on wedneday and thursday, the pair slowed on friday and started to consolidate under the key level of 0.74715.
I see this level act as a resistance and any upside spike in this zone (0.74630-0.74715) will be a signal for a move down to the zone between 0.73875-0.74000 as next target.
If there is no move back to the upside zone, I will wait for a break - retest of the range to short the pair.
CADCHF
I see this level act as a resistance and any upside spike in this zone (0.74630-0.74715) will be a signal for a move down to the zone between 0.73875-0.74000 as next target.
If there is no move back to the upside zone, I will wait for a break - retest of the range to short the pair.
CADCHF