- CAD/CHF pauses upside at 61.8% Fib, bias still higher.
- The pair is currently hovering around 200-DMA at 0.7644, breakout above will see resumption of gains.
- Technical analysis supports further upside in the pair. Price has broken above 100-DMA.
- Momentum studies highly bullish. RSI shows strength at 70 levels and we see +ve DMI dominance with ADX support.
- On weekly charts, MACD is on verge of bullish crossover and Stochs have rolled over from oversold levels.
Support levels - 0.7644 (200-DMA), 0.76, 0.7558 (100-DMA), 0.7487 (38.2% Fib)
Resistance levels - 0.7650 (61.8% Fib), 0.7726 (Aug 22 high), 0.7765 (78.6% Fib)
Call update: Our previous call (https://www.econotimes.com/FxWirePro-CAD-CHF-Trade-Idea-1247787) has hit TP1/2.
Recommendation: Book partial profits at highs. Trail SL to 0.76. Watch out for decisive break above 200-DMA for further upside.
FxWirePro Currency Strength Index: FxWirePro's Hourly CAD Spot Index was at 106.684 (Bullish), while Hourly CHF Spot Index was at -106.682 (Bearish) at 0400 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro- Major Crypto levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: USD/ZAR edges higher but bearish outlook persists
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major European Indices
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 



