CAD/CHF very bullish

Technical Analysis


This pair has just broken over a major level of resistance and started a new uptrend. Since this level of resistance was the most recent level broken and since it has been used as resistance multiple times in the past by this market, it does qualify as a demand zone and will be an area of support that I will be looking at for possible long trades throughout the week.

Support Area (green zone) = 0.7062 – 0.7037

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