CADCHF: Accumulation & Indecision 🇨🇦🇨🇭

٧ يونيو

https://www.tradingview.com/x/NCDoIlSa/

CADCHF is stuck between 2 key horizontal structures.
The price formed a narrow range where trading volumes are currently accumulating.

Depending on the reaction of the price to the boundaries of the range,
I see 2 potential scenarios.

If the price breaks and closes above 0.6532 the resistance of the range,
it will be the important sign of strength of the buyers and with a high
probability growth will continue.

Next goal will be 0.657

If the price breaks and closes below 0.659 - the support of the range,
a further decline will be expected, at least to 0.647.

Wait for a breakout, it will give you an accurate and reliable confirmation.

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