CADCHF is Back Into The Rectangle
After two strong attempts to push the price higher, CADCHF dropped back into the rectangle pattern. Note that the pair also formed a small double top. It gives us a reason more for being bearish here.
Now when the price is back in the rectangle and CHF is showing strength against other currencies, we can expect CADCHF to continue toward the lower boundary of the rectangle.
Now when the price is back in the rectangle and CHF is showing strength against other currencies, we can expect CADCHF to continue toward the lower boundary of the rectangle.
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