Tradingwithtamil

CADCHF: IMPORTANT REVISIT YET TO HAPPEN IN ASCENDING TREND.

FX:CADCHF   Canadian Dollar/Swiss Franc

The pair CADCHF have a brighter opportunity to revisit the 0.7515-05. In a daily timeframe, the signals moving in a fall short to the horizontal support zone. Sellers can again highlight the ascending trend line @ 0.7470. In case bear dominating the game, the 0.7420 and the 0.7365 are likely challenging stops to move further downward. If the challenge accomplished, the 0.7250 and 0.7220 are the consecutive support target.

On the other hand, the 0.7615 should be the surpass gate for an upward move. If the market moving it in upward, the 0.7660 is a checkbox for solid uptrend with the destination of 0.770 and 0.7740 resistances.

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