CADCHF looking up

CADCHF was in a big downtrend but major support zone around 0.67800 made price redirect up

The young Uptrend channel is evolving

Price has bounced today from the lower channel line at 0.68604 and is coinciding with the 50 EMA

So we are most likely waiting for the price to bounce higher up to the 0.692x area. Maybe further to 0.71

To add to this analysis, last week's Thursday and Friday Day candles rejected closes below the 0.69 or 0.688 high levels contributing to the Weekly TF close as a bullish engulfing candle with a positive growth twice the size of the previous week.

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