CADCHF: Local Bullish Reversal?!

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We have observed a positive bullish response to an important daily support level on the CADCHF chart.

Following a test of the highlighted blue zone, the price began to consolidate and created a horizontal range on the 4-hour timeframe.

The resistance level was broken, indicating strong buying pressure. As a result, we anticipate a bullish trend continuation, possibly reaching 0.6340.

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