CAD/CHFLong
CADCHF: A Local Bullish Reversal in Sight?
A bullish reaction has emerged at a key daily support level on the CADCHF chart.
After testing the highlighted blue zone, the price entered a consolidation phase, forming a horizontal range on the 4-hour timeframe.
The breakout above the resistance level signals strong buying pressure, suggesting a potential bullish trend continuation toward the 0.6340 target.
After testing the highlighted blue zone, the price entered a consolidation phase, forming a horizontal range on the 4-hour timeframe.
The breakout above the resistance level signals strong buying pressure, suggesting a potential bullish trend continuation toward the 0.6340 target.
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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.