Major resistance – 0.7410 (trend line joining 0.75168 and 0.7457)
Minor support – 0.7370
CAD/CHF is facing strong resistance around 0.7410 and any break above confirms minor trend reversal .The pair has made a high of 0.74093 and slightly declined from that level. It is currently trading around 0.7408.
Any break above 0.7408 will take the pair to next level till 0.7450/0.7515 in short term.
On the lower side any break below 0.7370 will drag the pair down till 0.7330/0.7300 level.
It is good to buy above 0.7410 with SL around 0.7370 for the TP of 0.7455/0.7515