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CADCHF: Overbought Market & Pullback

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Canadian Dollar/Swiss Franc (FX:CADCHF)  
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FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Chart Patterns Parallel Channel canadiandollar swissfranc chf CAD CADCHF forecast trade Currencies
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trendanalysis chartpattern parallelchannel canadiandollar swissfranc chf cad cadchf forecast trade currencies
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
Komen:
Check my new analysis on GBPCHF:
GBPCHF: Important Breakout & Bearish Outlook
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