CAD/CHF Technical analysis
CAD/CHF has bounced sharply to the highs of 0.75969.
It consolidated in the highs with a flat correction.
The MACD indicator moved into the sell zone owing to correction but has now reversed to the buy zone.
We expect the pair to higher and trade with positive bias from here, however, the counter might find support at the trendlines which we indicated in the chart and then can bounce too.
So, traders can trade according to their plan and the pair is exhibiting strong bullish momentum for the day.
It consolidated in the highs with a flat correction.
The MACD indicator moved into the sell zone owing to correction but has now reversed to the buy zone.
We expect the pair to higher and trade with positive bias from here, however, the counter might find support at the trendlines which we indicated in the chart and then can bounce too.
So, traders can trade according to their plan and the pair is exhibiting strong bullish momentum for the day.
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