CADCHF trading update on 17/07/2020

CADCHF

CADCHF trading update on 17/07/2020

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CAD/CHF target zone

 

CAD/CHF in our technical point of view for a short term trading strategy met its strong supply zone at 0.7000x and has been rejected from there. As the 0.69852 level has been broken down, and now a sharp down  move is leading that pairs to its lower price area.

We expect for today at trading U.S. session, 0.69200 price level will be hit, from there support zone will be probably formed; any further broken down for CAD/CHF, it is expected to go further lows and 0.688xx should be next support zone.

We remain short with CAD/CHF to reach our target.

Take your look as the depicted chart for more info:

 

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Trade well!

 

TA team

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