CADCHF

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The best option in the current long-term conditions is the above-mentioned channelized range.

2 patterns of harmonics can be considered to complete the reduction to the bottom of the channel


It can be expected to start from the range of 0.79403 and finish in the range of 0.64739. - ABCD

It can be expected to start from the range of 0.66208 and finish between the range of 0.64473 to 0.63806.-ANTI BAT

In the expected range of the two patterns, we have many percentages of Fibo and with a much smaller distance from it, we have the pivot point in the range of 0.65601, which can form a very important support area.

In the current situation, we can see the reaction between the two ranges of 0.67757 and 0.68858, which can be in the form of correction (ascension) and according to the Fibo projection, we can consider the completion of a zigzag, which overlaps with the two pivot ranges and provides a resistance range for A further reduction has been made.

Penafian

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