A **quiet day for our CADCHF**—no major moves so far.
I only notice a **slightly weaker tone on CHF**, or more precisely, those **three wicks on the future** suggest a **price rejection**.
Also, at the moment, the **volume delta is in favor of CAD**.
If no other data changes the picture, I’d expect **confirmed support around 0.586** for CADCHF, with a potential **break above the H1 EMA50** later this afternoon.
I only notice a **slightly weaker tone on CHF**, or more precisely, those **three wicks on the future** suggest a **price rejection**.
Also, at the moment, the **volume delta is in favor of CAD**.
If no other data changes the picture, I’d expect **confirmed support around 0.586** for CADCHF, with a potential **break above the H1 EMA50** later this afternoon.
Trade closed: target reached
H1 EMA50 breack i nthe afternoon after jump on the value. So for now it's closed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.