KarYong

CADCHF: Price in consolidation

FX:CADCHF   Canadian Dollar/Swiss Franc
Price is currently consolidating in a range. Breakout traders would want to keep an eye on the 0.7680 and 0.7580 levels.

A break above the 0.7680 level could potentially see price reaching the 0.7910 region. Alternatively, a break below the 0.7580 could potentially see price reaching for the 0.7450 level.

I would love to hear your opinion, feel free to comment, agree or disagree.

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Comments

It looks like it wants to break to the upside. However, as long as the second high is intact, I'm still bearish about this market.
Reply
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