CADCHF: descending channel
Updated
The exchange rate of the currency pair is currently moving within a descending channel on the daily timeframe, reaching the upper part of the channel. It has broken the trendline of the corrective movement, and the RSI is also showing divergence. Therefore, I anticipate a retracement back to lower levels.
Daily chart:
https://www.tradingview.com/x/Z0Et0uTK/
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Daily chart:
https://www.tradingview.com/x/Z0Et0uTK/
Good trading!
If you find it useful, like, follow, share!
Trade active
Target 1 reached
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