CADCHF Chart Technical Outlook points to mild gains toward 0.6700 on rising Oil prices
CAD/CHF paused the recent decline in oversold conditions and bullish divergence in the intraday charts. Oil prices opened higher this week, supporting CAD.
Technical indicators give mixed signals, while retailers’ sentiment support the bearish move.
I expect that support to hold an upside price action today but not a leap as liquidity is low due to the US holiday.
Resistances: 0.6700, 0.6730
Supports: 0.6640, 0.6600
