Following a significant downward movement, the CADCHF pair spent a week consolidating in a tight range on a 4-hour chart.
Today, there has been a bearish response on the pair as it broke below the lower boundary of the range.
I believe that the market could now be poised for a downward trend, with the nearest resistance level at 0.643.
Today, there has been a bearish response on the pair as it broke below the lower boundary of the range.
I believe that the market could now be poised for a downward trend, with the nearest resistance level at 0.643.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.