Canadian Dollar/Swiss Franc

Short

CADCHF: Overbought Market & Pullback

By VasilyTrader

Updated

snapshot

CADCHF is trading within a rising parallel channel on 4H.

Yesterday its resistance was reached and the price was heavily rejected.
At night the price has set a lower high and this morning broke and closed below minor support on hourly.

Taking into consideration that the price is overbought, bearish move is expected.

Goals: 0.7005/0.699

Note

Check my new analysis on GBPCHF:

GBPCHF: Important Breakout & Bearish Outlook

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