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Add as a preferred source on Google FxWirePro:CAD/CHF faces strong resistance at 0.7750, good to buy at dips Major resistance – 0.7750 Major support- 0.7665 (7 day EMA) The pair has made a high of 0.77356 and slightly declined from that level. It is currently trading around 0.76950. Short term trend is slightly bullish as long …
By FxWire Pro Apr 29, 2016, 11:27 AM UTC
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Major resistance – 0.7750
Major support- 0.7665 (7 day EMA)
The pair has made a high of 0.77356 and slightly declined from that level. It is currently trading around 0.76950.
Short term trend is slightly bullish as long as support 0.7650 holds.
Any break below 0.7650 will drag the pair down till 0.7600/0.7560.
On the higher side any break above 0.7750 will take the pair to next level till 0.7800/0.7874/0.8000.
It is good to buy at dips around 0.7650 with SL around 0.7600 for the TP of 0.7750
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