CADCHF Chart Technical Outlook

CADCHF Chart Technical Outlook the 261.8% extension of 0.6460 comes into focus
Although we have seen a mild correction in oil, temporarily boosting the Canadian dollar, sellers have returned once more with bearish momentum breaking the previous swing low of 0.6486. I can see no technical reason for a change of trend.
Resistance today is located at 0.6504. I would look for sellers to target the 261.8% extension level 0.6460.

We will be happy to hear your thoughts

      Leave a reply

      error: Content is protected !!
      Compare items
      • Total (0)