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Add as a preferred source on Google FxWirePro: CAD/CHF trades well below 0.7600 level, good to sell on rallies Major resistance – 0.7750 (Double top) Major support- 0.7600 The pair has made broken major support 0.7600 and declined till 0.7530.It is currently trading around 0.75385. Short term trend is slightly bearish as long as …
By FxWire Pro May 3, 2016, 12:26 PM UTC
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Major resistance – 0.7750 (Double top)
Major support- 0.7600
The pair has made broken major support 0.7600 and declined till 0.7530.It is currently trading around 0.75385.
Short term trend is slightly bearish as long as resistance 0.7650 holds.
Any break above 0.7650 will take the pair to next level till 0.7700/0.7750/0.7800.
On the lower side major support is 0.7530 and any break below 0.7530 will drag the pair till 0.7450/0.7435.
It is good to sell on rallies around 0.7570-75 with SL around 0.7650 for the TP of 0.7500/0.7450
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