This pair offered an excellent swing trading opportuniting uppon breaking its multi months resistance @ 0.9400, currently it is trading close to its next major resistence @ 0.9900 and is supported by a rising TL from June 29th.
We will be looking for a breakout of 0.9900 to target parity first as a psychological level and 1.0340 next big resistance (see weekly chart below)
In case price is unable to break 0.9900, the pair might bounce back to nearest support @ 0.9600ish, break of rising TL can be a good entry for shorts.
We will be looking for a breakout of 0.9900 to target parity first as a psychological level and 1.0340 next big resistance (see weekly chart below)
In case price is unable to break 0.9900, the pair might bounce back to nearest support @ 0.9600ish, break of rising TL can be a good entry for shorts.
CADCHF - Daily
CADCHF - Weekly
No comments:
Post a Comment