CADCHF Chart Technical Outlook

CADCHF Chart Technical Outlook faces resistance at 0.6700, a lower correction is expected

CAD/CHF is consolidating the broad bullish bias. Prices have been moving sideways for almost two months. There are no fundamental signals that the pair should break out of the range soon. I expect more lateral direction. Resistances are located at 0.6700 and 0.6720. Supports are found at 0.6600 and 0.6585. A break below 0.6650 opens the door toward the mentioned support levels.

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