CAD/CHF – Range Rejection Signals Downside Risk!

🔍 Price Struggles at Resistance – Possible Reversal Ahead?
CAD/CHF remains stuck within a sideways range between 0.6370 resistance and 0.6192 support. The pair attempted a breakout but faced strong rejection, indicating a potential short-term pullback.

📉 Bearish Signals Emerging:
✅ Resistance at 0.6370-0.6382 Holding Strong
✅ Multiple Rejections at Upper Range
✅ Bearish Candlestick Formation Suggests Weakness
✅ SMA-44 (0.6309) Acting as Initial Support

📊 Key Downside Targets:
🔹 0.6309 (SMA Support)
🔹 0.6192 (Major Demand Zone)

💡 Trading Plan:
🔻 Failure to Hold Above 0.6370 = Bearish Sentiment
🔻 Short-term Correction Towards 0.6309 & 0.6192 Likely
🔻 Break Above 0.6382 Would Invalidate Bearish Bias