CAD/CHF broke support zone

Read the article on FBS website
  • CAD/CHF broke support zone
  • Next sell target - 0.7500

 CAD/CHF today broke through the support zone lying between the key support level 0.7600 (which stopped earlier waves (1) and 4), 50-day moving average and the 50% Fibonacci correction of the previous sharp upward impulse from March. The breakout of this support zone continues the active intermediate impulse wave (3) from the end of May. CAD/CHF is expected to fall further toward the next sell target at the next support level 0.7500.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.