CADCHF dropping nicely, potential for further drop!

Singkat

Canadian Dollar/Swiss Franc (FX:CADCHF)

FX:CADCHF Canadian Dollar/Swiss Franc

trendanalysis harmonicpatterns chartpattern cadchf cadchfshort cadchflong cadchfidea cadchfsell cadchfforecast cadchfdaily cadchfanalysis cadchfbuy

CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum. Our next resistance is at 0.7830 which is above our 61.8% Fibonacci retracement and also at a swing high resistance. Price could potentially drop all the way to major support at 0.7714 (Fibonacci retracement, horizontal overlap support).
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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