CAD/CHF Trade Idea

• Candle Stick pattern- Shooting Star
  
  
• Major resistance - 0.7550 (trend line joining 0.74615 and 0.75163)
  
  
• Major support - 0.74350 (trend line joining 0.71350 and 0.73922)
  
  
• Canadian dollar gained against all major pair's yesterday after BOC kept the interest rates on hold and also due to higher oil prices.
  
  
• The pair has made a high of 0.75390 and slightly retreated from that level. It is currently trading around 0.7517.
  
  
• Any break above 0.7550 confirms major trend reversal a jump till 0.76180/0.7740 is possible.  
• On the lower side any break below 0.7435 will drag the pair down till 0.7350/0.7300.

It is good to buy at dips around 0.7460 with SL around 0.7410 for the TP of 0.7618/0.7740

R1-0.7550

 R2-0.7618

R3-0.7740

Support

S1-0.7435

S2-0.7350

S3-0.7300